Comments on: Are you discounting for the VAT decrease..? http://www.callowaygreen.com/blog/2008/11/27/are-you-discounting-for-the-vat-decrease/ Make the Web work for your business! Thu, 26 Jan 2012 11:51:25 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: used purses for sale http://www.callowaygreen.com/blog/2008/11/27/are-you-discounting-for-the-vat-decrease/comment-page-1/#comment-1006 used purses for sale Fri, 25 Dec 2009 21:19:54 +0000 http://www.callowaygreen.com/blog/?p=109#comment-1006 It's a relatively small error, but one that could indeed cost a company thousands if the sales volume is high enough. Unfortunately, it seems so reasonable to someone who doesn't think about the math, that some companies will probably end up doing this. It’s a relatively small error, but one that could indeed cost a company thousands if the sales volume is high enough. Unfortunately, it seems so reasonable to someone who doesn’t think about the math, that some companies will probably end up doing this.

]]> By: Kiger http://www.callowaygreen.com/blog/2008/11/27/are-you-discounting-for-the-vat-decrease/comment-page-1/#comment-542 Kiger Thu, 02 Jul 2009 07:43:30 +0000 http://www.callowaygreen.com/blog/?p=109#comment-542 found your site on del.icio.us today and really liked it.. i bookmarked it and will be back to check it out some more later .. found your site on del.icio.us today and really liked it.. i bookmarked it and will be back to check it out some more later ..

]]> By: admin http://www.callowaygreen.com/blog/2008/11/27/are-you-discounting-for-the-vat-decrease/comment-page-1/#comment-321 admin Tue, 24 Mar 2009 20:35:05 +0000 http://www.callowaygreen.com/blog/?p=109#comment-321 What would you like to know? What would you like to know?

]]> By: Jacob http://www.callowaygreen.com/blog/2008/11/27/are-you-discounting-for-the-vat-decrease/comment-page-1/#comment-318 Jacob Sat, 21 Mar 2009 09:54:52 +0000 http://www.callowaygreen.com/blog/?p=109#comment-318 hey id like to talk with you about your blog. please email me - thanks. hey id like to talk with you about your blog. please email me – thanks.

]]> By: admin http://www.callowaygreen.com/blog/2008/11/27/are-you-discounting-for-the-vat-decrease/comment-page-1/#comment-227 admin Tue, 02 Dec 2008 10:32:19 +0000 http://www.callowaygreen.com/blog/?p=109#comment-227 Yes you can, but that won't give you the full picture. When dealing with greater discounts in the stores plus rounded up figures it doesn't really matter about a couple of fractions of percent, however your poor accountant will have a headache if totting up at the end of the year, especially if you have a large turnover. The only *accurate* way to work out VAT is to add it to the gross amount. Yes you can, but that won’t give you the full picture. When dealing with greater discounts in the stores plus rounded up figures it doesn’t really matter about a couple of fractions of percent, however your poor accountant will have a headache if totting up at the end of the year, especially if you have a large turnover.

The only *accurate* way to work out VAT is to add it to the gross amount.

]]> By: Anonymous http://www.callowaygreen.com/blog/2008/11/27/are-you-discounting-for-the-vat-decrease/comment-page-1/#comment-226 Anonymous Mon, 01 Dec 2008 13:55:57 +0000 http://www.callowaygreen.com/blog/?p=109#comment-226 Can't you just discount at checkout by 2.1%? Like all the newspapers are carefully explaining? Can’t you just discount at checkout by 2.1%? Like all the newspapers are carefully explaining?

]]> By: Sue http://www.callowaygreen.com/blog/2008/11/27/are-you-discounting-for-the-vat-decrease/comment-page-1/#comment-225 Sue Mon, 01 Dec 2008 12:48:09 +0000 http://www.callowaygreen.com/blog/?p=109#comment-225 Well spotted, Chris. Although this is a relatively small amount, it could amount to significant losses for small businesses when added to the additional administrative and resource costs for making these changes (twice). Then there's the probable hike to a higher rate of 18.5% (plus) which needs to be accounted for going forward. I will certainly pass on the message and hope that others will do the same. Many thanks. Well spotted, Chris. Although this is a relatively small amount, it could amount to significant losses for small businesses when added to the additional administrative and resource costs for making these changes (twice). Then there’s the probable hike to a higher rate of 18.5% (plus) which needs to be accounted for going forward. I will certainly pass on the message and hope that others will do the same. Many thanks.

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