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Author Topic: Waste of Time!  (Read 3156 times)

Waste of Time!
on: December 27, 2010, 19:43:33 PM
Just brimmed the Tank on the Audi before the VAT goes up

It took 55litres and cost £70 and I just worked out that I would have saved £1.53   :drama:
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Waste of Time!
Reply #1 on: December 27, 2010, 19:59:58 PM
Quote from: DEViANCE
Just brimmed the Tank on the Audi before the VAT goes up

It took 55litres and cost £70 and I just worked out that I would have saved £1.53   :drama:

1.49? I think, but yes actually shows what an insignificant increase it actually is "Buy now before the VAT increases!)

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  • Offline Bacon

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Re:Waste of Time!
Reply #2 on: December 27, 2010, 20:24:00 PM
I keep telling people its barely an increase but most people ive met are acting like its Y2K all over again
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Waste of Time!
Reply #3 on: December 27, 2010, 21:11:16 PM
Quote from: XEntity
Quote from: DEViANCE
Just brimmed the Tank on the Audi before the VAT goes up

It took 55litres and cost £70 and I just worked out that I would have saved £1.53   :drama:


1.49? I think, but yes actually shows what an insignificant increase it actually is "Buy now before the VAT increases!)



I worked it out 1.269 + 2.5% = £1.3007 * 55 = £71.53

dont know if that is right though.
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Waste of Time!
Reply #4 on: December 27, 2010, 21:20:08 PM
i got 1.49 too....

70/117.5*120=71.49

you did price + 17.5% + 2.5%

which adds 2.5% of the 17.5% extra

like 10x5x2 instead of 10x7 if you get what I mean ?
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Re:Waste of Time!
Reply #5 on: December 27, 2010, 23:04:03 PM
+2.5% is a common misconception, have had to do a lot of things with VAT in my job, hence thinking it was wrong :)
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  • Offline Clock'd 0Ne

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Re:Waste of Time!
Reply #6 on: December 28, 2010, 08:36:21 AM
The thing is, unscrupulous places will no doubt use the VAT increase as an excuse to push prices up a little more anyway. Hopefully on the flip side of that coin there will be those that dont change their prices at all.
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Re:Waste of Time!
Reply #7 on: December 28, 2010, 21:00:39 PM
Quote from: Clockd 0Ne
The thing is, unscrupulous places will no doubt use the VAT increase as an excuse to push prices up a little more anyway. Hopefully on the flip side of that coin there will be those that dont change their prices at all.


Probably the same people that used the vat reduction to boost profits.  I dont think I saw a single place actually reduce their prices.
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  • Offline Sam

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Waste of Time!
Reply #8 on: December 28, 2010, 21:29:09 PM
Its not a 2.5% increase on the VAT rate . Its a 15% increase on the VAT rate.
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  • Offline Serious

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Re:Waste of Time!
Reply #9 on: December 29, 2010, 03:26:30 AM
£1.49 seems good to me too.
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Re:Waste of Time!
Reply #10 on: December 29, 2010, 20:25:54 PM
yeah i see where I went wrong brain not working.

Apparently I saved a bit more as fuel duty is going up aswell as VAT so it is a double ass raping start the new year.

Time to start rioting?
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Re:Waste of Time!
Reply #11 on: January 04, 2011, 12:01:41 PM
Quote from: DEViANCE

Time to start rioting?


nah, just form an orderly queue next to Knightys vans fuel tank
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