I've just seen this on the beeb
VAT: What you could save
£149 Apple Ipod Nano 16gb - save £3.73
£475 Aspinal of London leather handbag - save £11.88
£90 Camper walking shoes - save £2.25
£10,000 TagHeuer watch - save £250
Linked to show I'm not making it up
Can aybody see the error?
Using the Tag watch example. If the watch was £10k with 17.5% vat, then minus the vat it was 8510.64. Adding the 15% Vat makes the new price 9787.23, a saving of 212.77, somewhat less than the £250 quoted.
All the person has done is reduce the overall starting price by 2.5%.
VAT: What you could save
£149 Apple Ipod Nano 16gb - save £3.73
£475 Aspinal of London leather handbag - save £11.88
£90 Camper walking shoes - save £2.25
£10,000 TagHeuer watch - save £250
Linked to show I'm not making it up
Can aybody see the error?
Using the Tag watch example. If the watch was £10k with 17.5% vat, then minus the vat it was 8510.64. Adding the 15% Vat makes the new price 9787.23, a saving of 212.77, somewhat less than the £250 quoted.
All the person has done is reduce the overall starting price by 2.5%.
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