VAT 15% NOW – Reductions on all Web Site Products
0 commentVAT Reductions at Golf Direct this Christmas
Here at Golf Direct we have up dated all our prices to take into account the new VAt rate of 15%. This Christmas we have some great golfing offers on a vast range of golf equipment as well as ome great Christmas Golf Vouchers which make a great present for the golfer in your family.
Following the recent budget changes in repect of the VAT rate being reduced to 15% we are have applied this rate to all our products. See below answers to our frequently asked questions:
Q. Are you reducing your prices to reflect the changes in VAT?
A. Yes, we will be passing on the changes to our customers. From Monday 1st December 2008 all our golf equipment will benefit from the new reduced rate of VAT.
A. Yes, we will be passing on the changes to our customers. From Monday 1st December 2008 all our golf equipment will benefit from the new reduced rate of VAT.
Q. How will I know that I am getting the reduced VAT rate when I shop in store or online?
A. From Monday, the new VAT rate will be represented in the price you pay at the till or on the web site.
A. From Monday, the new VAT rate will be represented in the price you pay at the till or on the web site.
Q. How do you calculate this? (It doesn’t appear that the discount is equal to 2.5%)
A. Our selling prices are VAT inclusive so they already have the VAT applied. In order to apply the new rate of VAT, we need to take VAT at 17.5% off the previous selling price, then work out 15% on this value and add that back on. This means that the actual discount on the previous VAT inclusive price works out at about 2.13%.
For more information please call our Customer Services on 01449 711545 or e-mail sales@golf-direct.co.uk