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MED.UK VAT https://www.ausmini.com/forums/viewtopic.php?f=2&t=78322 |
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Author: | dalmeny [ Tue Sep 04, 2012 9:33 pm ] |
Post subject: | MED.UK VAT |
Where are the finance guru's. Just about to put my order in for my pistons and crank pulley. Here is me calculations. All parts advertised including VAT (%20) Pistons 480 pounds Pulley 155 pounds Total 635 pounds less the 20% VAT = 508 pounds, plus fedex delivery 56.13 pounds = 564.13 pounds (maybe add VAT to delivery 67.36) Total 575.36 pounds (if VAT is added to delivery or 564.13 if you don't VAT delivery) This is the answer I got back (it's only 20quid and won't stop me putting my order in) but can someone explain how they would arrive at this figure??? It is a little confusing as our prices inc vat but Fedex prices do not, so this is how the figures should look Forged pistons £480.00 Management pulley kit £155.00 Total UK sale inc vat £635.00 Less Vat @ 20% £105.83 Parts total export no VAT £529.17 Fedex export delivery no vat £56.13 Grand total £585.30 Sorry but it is a little hard to sort out I know, any problems let me know |
Author: | Harley [ Tue Sep 04, 2012 9:39 pm ] |
Post subject: | |
You havent got any numbers worng have you? For example: 100 + 20% = 120 120 - 20% = 96 |
Author: | dalmeny [ Tue Sep 04, 2012 9:45 pm ] |
Post subject: | |
Harley wrote: You havent got any numbers worng have you?
For example: 100 + 20% = 120 120 - 20% = 96 Numbers are right. Even worked out how much VAT was involved in the 635.00 (635 x 20% = 127.00) ![]() |
Author: | Bubbacluby [ Tue Sep 04, 2012 9:55 pm ] |
Post subject: | Re: MED.UK VAT |
dalmeny wrote: Where are the finance guru's.
Just about to put my order in for my pistons and crank pulley. Here is me calculations. All parts advertised including VAT (%20) Pistons 480 pounds Pulley 155 pounds Total 635 pounds less the 20% VAT = 508 pounds, plus fedex delivery 56.13 pounds = 564.13 pounds (maybe add VAT to delivery 67.36) Total 575.36 pounds (if VAT is added to delivery or 564.13 if you don't VAT delivery) This is the answer I got back (it's only 20quid and won't stop me putting my order in) but can someone explain how they would arrive at this figure??? It is a little confusing as our prices inc vat but Fedex prices do not, so this is how the figures should look Forged pistons £480.00 Management pulley kit £155.00 Total UK sale inc vat £635.00 Less Vat @ 20% £105.83 Parts total export no VAT £529.17 Fedex export delivery no vat £56.13 Grand total £585.30 Sorry but it is a little hard to sort out I know, any problems let me know Nahh Dalmany you have made a mistake in your numbers You came to 635pound (including 20% Vat) (so it is 20% more than you have to pay, so you have paid 120%) so: 635/120 (This will work out 1% of the cost you pay) = 5.2917 (this is 1%) multiply the above by 100 (because you need to pay 100%) This will bring you to 529.17 Add postage of 56.13 Gives you a total of 585.30 Hope that makes sense |
Author: | dalmeny [ Tue Sep 04, 2012 10:50 pm ] |
Post subject: | Re: MED.UK VAT |
Bubbacluby wrote: dalmeny wrote: Where are the finance guru's. Just about to put my order in for my pistons and crank pulley. Here is me calculations. All parts advertised including VAT (%20) Pistons 480 pounds Pulley 155 pounds Total 635 pounds less the 20% VAT = 508 pounds, plus fedex delivery 56.13 pounds = 564.13 pounds (maybe add VAT to delivery 67.36) Total 575.36 pounds (if VAT is added to delivery or 564.13 if you don't VAT delivery) This is the answer I got back (it's only 20quid and won't stop me putting my order in) but can someone explain how they would arrive at this figure??? It is a little confusing as our prices inc vat but Fedex prices do not, so this is how the figures should look Forged pistons £480.00 Management pulley kit £155.00 Total UK sale inc vat £635.00 Less Vat @ 20% £105.83 Parts total export no VAT £529.17 Fedex export delivery no vat £56.13 Grand total £585.30 Sorry but it is a little hard to sort out I know, any problems let me know Nahh Dalmany you have made a mistake in your numbers You came to 635pound (including 20% Vat) (so it is 20% more than you have to pay, so you have paid 120%) so: 635/120 (This will work out 1% of the cost you pay) = 5.2917 (this is 1%) multiply the above by 100 (because you need to pay 100%) This will bring you to 529.17 Add postage of 56.13 Gives you a total of 585.30 Hope that makes sense Brenton You are a genius!!! If you say 585.30 is right then I'm happy with the answer. Thanks Steve |
Author: | d1ck0 [ Wed Sep 05, 2012 7:03 am ] |
Post subject: | |
Easy way to remove 20% VAT is divide total by 1.2, because the quoted price is 1.2 times what you have to pay. 635 divided by 1.2 = 529.166667 Cheers, Dicko. |
Author: | Panthersteve [ Wed Sep 05, 2012 7:31 am ] |
Post subject: | |
d1ck0 wrote: Easy way to remove 20% VAT is divide total by 1.2, .
Just like using 1.1 here for working out how much GST is in an amount. ![]() |
Author: | Beanie [ Wed Sep 05, 2012 12:19 pm ] |
Post subject: | |
or if you want to play it safe i just use thi website to calculate VAT http://www.vatcalculator.org.uk/ Beanie |
Author: | graham in aus [ Wed Sep 05, 2012 1:22 pm ] |
Post subject: | |
Do you really need forged pistons? Race engine? Cast omega's take a lot of stick, some turbo guys on Turbominis runing 20 plus psi boost with cast Omegas! Entirely your choice of course! ![]() ![]() |
Author: | Bubbacluby [ Wed Sep 05, 2012 3:27 pm ] |
Post subject: | Re: MED.UK VAT |
dalmeny wrote: You are a genius!!! If you say 585.30 is right then I'm happy with the answer.
Thanks Steve haha No worries, Just like teaching Maths at school ![]() Now i get to extend it to Ausmini ![]() ![]() |
Author: | JC [ Wed Sep 05, 2012 5:02 pm ] |
Post subject: | |
My they must be some fancy pistons![/u] |
Author: | peterb [ Wed Sep 05, 2012 5:59 pm ] |
Post subject: | |
http://www.minispares.com/shop/classic/ ... spx?100110 these don't even go close, price wise. |
Author: | dalmeny [ Wed Sep 05, 2012 11:07 pm ] |
Post subject: | |
graham in aus wrote: Do you really need forged pistons? Race engine? Cast omega's take a lot of stick, some turbo guys on Turbominis runing 20 plus psi boost with cast Omegas!
Entirely your choice of course! ![]() ![]() They come fly cut for the 16V BMW head and after a couple of months I'll forget they were $200 or $300 more than other options. And now I'm looking at some rods to go with them. GR has some Chinese imports he is using. (China doesn't equate to cheap either) |
Author: | dalmeny [ Wed Sep 05, 2012 11:11 pm ] |
Post subject: | |
Thanks Now I've got it, it'll make it easy to work out with my next orders. |
Author: | mini1990 [ Thu Sep 06, 2012 7:29 am ] |
Post subject: | |
Dalmeny, Yeah GR is putting those rods into my engine at the moment. Apparently they are lighter and stronger than Cooper S ones. While they may seem expensive if you consider the cost of sourcing S rods then the time spent in balancing and machining them it doesnt work out too bad. These are similar but not the ones he is using!: http://www.ebay.com.au/itm/Austin-mini- ... 2ebe4c1ca9 |
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