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Okay, I'll do it.


The additional 2.5% on VAT would turn a pound store into at 102.1277 pence store, not 102.5.


This is because the additional 2.5% is added to the pre VAT price of the product, which is 85.10638p, not the inclusive price of 100p.

Huguenot Wrote:

-------------------------------------------------------

> Okay, I'll do it.

>

> The additional 2.5% on VAT would turn a pound

> store into at 102.1277 pence store, not 102.5.

>

> This is because the additional 2.5% is added to

> the pre VAT price of the product, which is

> 85.10638p, not the inclusive price of 100p.



Brilliant - could not have put it better mysekf. I was itching to do it though.

DJKillaQueen Wrote:

-------------------------------------------------------

> So that would then mean 2.1277 less pence per unit

> to the supplier which would trickle down to lower

> wages in the factories of India whaere the goods

> are made?


No.

What Mick may be saying is that VAT is a tax which at whatever rate it is goes to the government. Anyone registered for VAT is acting as a tax collector and nothing else. So the price per unit remains the same. However, with the additional tax, less units may be sold.

Huguenot Wrote:

-------------------------------------------------------

> I can't imagine that much in a pound shop is zero rated, apart from razor blades


Ah. I was thinking of the 99p shops. Different kettle of fish, maybe. Fair bit of edible stuff. All pretty straightforward. ;) http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageLibrary_PublicNoticesAndInfoSheets&propertyType=document&columns=1&id=HMCE_CL_000118#P67_4124

ST&NLY Wrote:

-------------------------------------------------------

> Just heard from my friend who works for the estate

> agency Alan & Hansen that Poundland have a temp

> permit for 2 years to run their business in

> Lordship lane.

-------------------------------------------


From the horses mouth..


http://upload.wikimedia.org/wikipedia/commons/e/ee/Alan_hansen_in_2004.JPG


" Poundland have a temp permit for 2 years to run their business in Lordship lane. "


I thank you



W**F

Huguenot Wrote:

-------------------------------------------------------

> Gosh, no you're right. I've just been to

> Poundland's website and they do stock a lot of

> food.

>

> I always thought they were just bric-a-brac

> stores. I was thinking of that place on LL where

> they sell lots of plasstic buckets.


A J Farmers - 'where you can buy absolutely everything for absolutely nothing.' as jimmy nesbitt once said to me. (oh yes he did...)

Mick Mac Wrote:

-------------------------------------------------------

> Huguenot Wrote:

> --------------------------------------------------

> -----

> > Okay, I'll do it.

> >

> > The additional 2.5% on VAT would turn a pound

> > store into at 102.1277 pence store, not 102.5.

> >

> > This is because the additional 2.5% is added to

> > the pre VAT price of the product, which is

> > 85.10638p, not the inclusive price of 100p.

>

>

> Brilliant - could not have put it better mysekf. I

> was itching to do it though.



Lol how Anal are you lot!!

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