Bare Knuckle Pickups Forum
Forum Ringside => Pickups => Topic started by: Bird on February 19, 2006, 04:54:25 PM
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Do international customers still take 17,5% off the shop price?
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I assume you get to subtract VAT (check with Tim though), but you'd only get to subtract 14.9%.
there's gonna be some maths here!
say BK's cost £100 without VAT (for handiness to make the sums easier).
Add on the VAT, = £117.50 (which would be the price BK quote, since they don't advertise ex. VAT prices).
If I take 17.5% off that, I get: £96.94.
I.e. you are adding on 17.5% to the original price, to get the price inc. VAT, but to get from the inclusive price to the price minus the VAT, you have to multiply the inclusive of VAT price by (100/117.5).
In other words, you remove 14.9% or so from the total price.
Of course, all this is academic if you don't qualify! :oops:
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Found the info in another post. Just had to do a search on VAT... duh :roll:
Steve-Mr Pig 2U
Lightweight
BKP
We ship to Canada quite often and our dispatch time is about a week at the moment. (it usually takes about a week to get to canada)
Remember when ordering that you are not liable for VAT so you can deduct 17.5% from the total price.
Welcome to the forum!
_________________
"Lasciate ogne speranza, voi ch'interate" :roll:
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I know its sorted now but for getting VAT off of stuff in general you divide the price by 1.175 :)
EDIT : please ignore the first EDIT, it was wrong :oops:
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Thanks guys much appreciated.
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or alternatively you could multiply the total by 0.825 :D
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^did anyone even read my post?
AFAIK, the 17.5% is what's added on to the first pre-VAT amount, not what's taken off...
I think.
Because if you add 17.5% on to the original, it's not the same as removing... never mind.
I don't know, but i'd check it out with Tim etc., to see if you remove 17.5% or 14.9%, before just doing it.
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Either one works for me, as long as I'm saving money I'm happy :D
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^ I don't know, I may be overcomplicating things. it makes sense mathematically though, but then when did governments ever use maths in a sensible way? :twisted:
I can't find any info on it anywhere.
If you find out the answer from tim or whoever, could you shoot me a pm? I'd be interested to know.
Cheers!
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ok so dave if you added 17.5 initially, THEN took away 17.5 thats it right? so thats the same as just taking away 14.5% in the first place? is that wot your saying?
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^no.
assume starting price of £100.
Add 17.5% = £117.50
Then, if you try to subtract 17.5% from the £117.50, by multiplying by 0.825, you get an answer of £96 or so, not the £100 as it should be.
To get back to the £100, you have to multiply by 0.851 or something (i.e. removing 14.9%).
Try it.
As I said, though, I'm not sure the way the government does it- but the maths suggests they should do it my way, although they might not.
EDIT: basically, the easiest way to look at it is, 17.5% of £100 (original pre-VAT price) does not equal 17.5% of £117.50 (Post-VAT price).
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ok mate.
yer your edit is the easiest way of explaning it.
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All our prices include VAT. there is no need to add it, just take away 17.5% from the advertised price.
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haha! what a waste of time all that was... lol
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The shop automatically removes VAT for non EU customers once the address has been filled in on the order form.
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Steve, if subtracting 17.5% gives you the price before VAT then VAT must be 21%. VAT is charged at 17.5% of the pre-VAT cost, and 17.5% of X is less than 17.5% of 1.175X.
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Im not a mathematician, im a pickup winder!
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:lol: lol
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I think it works like this:
For example if a pickup is £100 then with UK vat it will cost £117.50.
That is 17.5% increase in price which equal to 100 x 1.175 or as a formula
n x 1.175 = including tax price.
To remove the tax you do not remove 17.5% from the new price £117.50 because 17.5% of £117.50 is £20.56 rather than what it should be of £17.50.
So to achieve the original price ( excluding vat ) you need to divide by the same amount. which is 117.50 / 1.175 = 100 or as a forumla
n / 1.175 = excluding tax price.
Just to clarify, it is 17.5% you are getting off the price, 17.5% in reference to the original price, not the after tax price.
I hoped that helped :D
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Thanks for that..........explaining VAT is no mean feat..........needless to say we have a fantastic accounts lady without whom life would be a lot harder :D !
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so was i right?
:lol:
EDIT: still, it'd have saved a lot of bother if i'd known it was done automatically! :lol:
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Im not a mathematician, im a pickup winder!
I'm sure you must have a good understanding of physics though! I've been getting lessons off Trev at Tipton Amps - well he's explained roughly how valves work etc.
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Im not a mathematician, im a pickup winder!
I'm sure you must have a good understanding of physics though! I've been getting lessons off Trev at Tipton Amps - well he's explained roughly how valves work etc.
Im good with physics, but not maths!
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^i thought physics was similar to maths, mr pig! :D
anyway, just to point out that i'm not being a smartass or anything bringing the whole 14.9% versus 17.5% thing up, I only realised that there was a difference recently- I think I recommended BK's to someone on HC, and I said they could take 17.5% off, and someone else corrected me! :oops:
:twisted:
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To summarise:
- dave_mc is correct with his 14.9% to REMOVE VAT from a price.
- as Tim said, the shop automatically removes VAT if you are outside the EU so you don't have to worry.
- physics doesn't HAVE to be about maths. There are two levels to phyics; an understanding of theory without maths, but by using analogies etc, or an understanding with maths.
Hope that cleans up this thread! :-)
rgds
Ol
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^cheers, ol! :D
true about the physics thing, too- my sister always did better in physics than maths, and i was vice-versa, for some strange reason!