Posted by jayembee on 07/19/06 19:55

"Jack Torrence" <room217[at]overlook.freeserve.co.uk> wrote:

> "jayembee" <jayembeenospam@snurcher.com> wrote:
>>
>> HOWEVER, what they don't tell you until you've actually "checked out"
>> and placed your order is that for the US, they deduct the Value
>> Added Tax (VAT), which is normally built into the item price. So,
>> you get to deduct 15% off the above price.
>
> The standard rate of VAT in the UK is 17.5%

True, but when you take the base price and multiply it by 1.175 to
get the VAT-included price, you can't get back to the original price
by multiplying the VAT-included price by 0.825.

For example, a DVD priced at �19.99 will be lowered to �17.01, which
is closer to a 15% deduction (�16.99) than to a 17.5% deduction
(�16.49). But �17.01 multiplied by 1.175 gives to �19.99.

-- jayembee

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