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UK VAT

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wixwacing
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Posts: 1871
Joined: Thu Jul 10, 2008 9:22 am

UK VAT

Post by wixwacing »

From the 4th of January, UK VAT (GST) is going up to 20% from 17.5%. So if you are buying from the UK as a lot of people do, don't forget to deduct the VAT from the cost of the model before deciding to buy.

The simplest way is to divide the price of the model by 1.2.

eg

Model price GBP35.00 inc VAT.
GBP35.00 divided by 1.2 = GBP 29.16.


Please note, as the VAT element of postage is appliable to items posted in the UK, it is therefore not deductable.
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