#1 [url]

Nov 25 08 5:32 PM

Dean wrote:
clan81 wrote:
Well certainly brief. Do we not pay VAT on tickets?



The SW is £15 on matchdays (Cat B). Bring plenty of change the difference is 37.5 p


That isn't exactly correct, Dean. The VAT element of £15 @ 17.5% is as follows...

£15/1.175 = £12.77 which is the original VAT-free price, so the VAT element of £15 is £2.23 when charged at 17.5% (i.e. £12.77 + 17.5% = £15)

When VAT is reduced to 15% it goes like this...

£15/1.15 = £13.04 which now becomes the original VAT-free price, making the VAT element when 15% is charged £1.96 (i.e. £13.04 + 15% = £15)

So the saving becomes the difference between the two rates of VAT, thus...

£2.23 - £1.96 = £0.27p saving, not, as you said £0.375p

Get it?

We've got (another) new manager. Will he be a very good manager? I do hope so.