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Old 27.06.2012, 11:00
Medea Fleecestealer's Avatar
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Re: EU sellers charging VAT - RANT

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Were you perhaps getting confused by their explanation? This is just basic arithmetic. If you've added 17.5% onto the cost of something, the formula to return to the original value is to subtract 14.9% from the larger number.

100+17.5% =100+(.175*100) =100+17.5 =117.5
117.5-14.9% =117.5-(.149*117.5) =100-17.5 =100
No, that is exactly what I meant. You can't just take 17.5% off a figure and get the net price which is what most people think. The subtraction figure will always be different from the add-on one.
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  #42  
Old 27.06.2012, 11:33
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Re: EU sellers charging VAT - RANT

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Were you perhaps getting confused by their explanation? This is just basic arithmetic.
No, that is exactly what I meant. You can't just take 17.5% off a figure and get the net price which is what most people think. The subtraction figure will always be different from the add-on one.
OIC. You just thought other people might be getting confused by the arithmetic.
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  #43  
Old 27.06.2012, 12:00
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Re: EU sellers charging VAT - RANT

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Yes, bizarre. It looks like 14.3% VAT rate from my calculations. Not sure quite how that works....
Yes, obviously they are.
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