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Disappointed by cattle hurdles
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<blockquote data-quote="Cowabunga" data-source="post: 7097958" data-attributes="member: 718"><p>If you don't see it, you don't see it. You have made it clear that you just don't understand it. You've obviously not run a VAT registered business or sold [or bought] VATable goods to VAT registered businesses or you would know that they are not interested in the price including VAT and require a legal VAT invoice on goods they buy and supply a VAT invoice with goods they sell. You seem not to even have noticed or wondered why things are marked less VAT with the VAT applied separately on price tags.</p><p></p><p>A small hint… if I go buy a £40, 000 tractor, the price I will be quoted will be £40,000. Everyone knows that there will be £8000 of VAT added on top and even if on finance the VAT will be payable up front. Even if you are not registered for VAT you will have to pay the VAT, so your net payment will be £48,000. The same applies on a smaller scale, so you buy hurdles worth £400 from an ag merchant and you will be charged £480. If you don't make it clear that you are not VAT registered beforehand, the price quoted will be £400 because the merchant will assume that you will pay the VAT and reclaim it. For business to consumer sales the assumption is that you will not be VAT registered or that the goods will not be eligible for reclaiming the VAT, which is why non-trade outlets have price tags that include VAT. For business to business, which farmers merchants and dealers are, and they are VAT registered, it is assumed that you will know where you stand and quotes will invariably be +VAT. 99.9% of customers know this or, if they forget, accept that the VAT will inevitably be added. There's alway the one though. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite11" alt=":rolleyes:" title="Roll Eyes :rolleyes:" loading="lazy" data-shortname=":rolleyes:" /></p><p></p><p>As an aside, in the USA, prices are quoted before tax even in retail shops. Seldom is the sales tax quoted on consumer goods until it is run over the till.</p></blockquote><p></p>
[QUOTE="Cowabunga, post: 7097958, member: 718"] If you don't see it, you don't see it. You have made it clear that you just don't understand it. You've obviously not run a VAT registered business or sold [or bought] VATable goods to VAT registered businesses or you would know that they are not interested in the price including VAT and require a legal VAT invoice on goods they buy and supply a VAT invoice with goods they sell. You seem not to even have noticed or wondered why things are marked less VAT with the VAT applied separately on price tags. A small hint… if I go buy a £40, 000 tractor, the price I will be quoted will be £40,000. Everyone knows that there will be £8000 of VAT added on top and even if on finance the VAT will be payable up front. Even if you are not registered for VAT you will have to pay the VAT, so your net payment will be £48,000. The same applies on a smaller scale, so you buy hurdles worth £400 from an ag merchant and you will be charged £480. If you don't make it clear that you are not VAT registered beforehand, the price quoted will be £400 because the merchant will assume that you will pay the VAT and reclaim it. For business to consumer sales the assumption is that you will not be VAT registered or that the goods will not be eligible for reclaiming the VAT, which is why non-trade outlets have price tags that include VAT. For business to business, which farmers merchants and dealers are, and they are VAT registered, it is assumed that you will know where you stand and quotes will invariably be +VAT. 99.9% of customers know this or, if they forget, accept that the VAT will inevitably be added. There's alway the one though. :rolleyes: As an aside, in the USA, prices are quoted before tax even in retail shops. Seldom is the sales tax quoted on consumer goods until it is run over the till. [/QUOTE]
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Disappointed by cattle hurdles
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