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Oh dear!!!

Ok I've heard it said on here that I'm a bit dense, and I've quite often taken offence to that.....but actually I think yous might be right

I was up in arms about this whole new VAT thing cause (according to all my figures) I was going to be massively out of pocket....and it turns out I'd done my calculations wrong on my spreadsheet: -

I'd done <rate> * 1.115

instead of <rate> * 1.15



What a numpty!!



So, I admit, with 100% wholehearted certainty, that I am a complete and utter brainless bint.

FACT!

Forgive me for being dim but why would a change in the VAT rate make you out of pocket?

The VAT rate has come down but that is not to see the savings will be passed onto you - alot of companies will keep prices the same and simply reduce the VAT element thus giving themselves more money.

I think!!!
 
Forgive me for being dim but why would a change in the VAT rate make you out of pocket?

The VAT rate has come down but that is not to see the savings will be passed onto you - alot of companies will keep prices the same and simply reduce the VAT element thus giving themselves more money.

I think!!!

Most contractors I know agree a VAT exclusive rate, so can't do this. If you had the foresight to charge a VAT inclusive rate, then yes you'd be quids in...
 
Forgive me for being dim but why would a change in the VAT rate make you out of pocket?

The VAT rate has come down but that is not to see the savings will be passed onto you - alot of companies will keep prices the same and simply reduce the VAT element thus giving themselves more money.

I think!!!

:bluelight IMPOSTER ALERT!!!!! :bluelight
 

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