http://www.yourfbs.co.uk/how-much-has-the-change-in-vat-saved-you/ Ed Hart provides Financial Business Support that's right for You Sun, 04 Dec 2011 12:18:31 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.yourfbs.co.uk/how-much-has-the-change-in-vat-saved-you/comment-page-1/#comment-28 » How much has the change in VAT saved you? Mon, 01 Dec 2008 10:21:50 +0000 http://yourfbs.co.uk/?p=199#comment-28 [...] Envirojean wrote an interesting post today onHere’s a quick excerpt There is some confusion about the implications of the change in VAT. First off, the potential saving is 2.1%, not 2.5%. This is because the saving relates to the VAT, not the whole value. So a widget that sold for £11.75 on 30 November should cost £11.50 on 1 December. The saving is therefore 25p. 25p as a percentage of £11.75 is 2.128% (call it 2.1%), not 2.5%. Hardly something to write home about and I have my eyes peeled to find anyone who is actually passing this saving onto the customer [...] [...] Envirojean wrote an interesting post today onHere’s a quick excerpt There is some confusion about the implications of the change in VAT. First off, the potential saving is 2.1%, not 2.5%. This is because the saving relates to the VAT, not the whole value. So a widget that sold for £11.75 on 30 November should cost £11.50 on 1 December. The saving is therefore 25p. 25p as a percentage of £11.75 is 2.128% (call it 2.1%), not 2.5%. Hardly something to write home about and I have my eyes peeled to find anyone who is actually passing this saving onto the customer [...]

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