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 Post subject: MED.UK VAT
PostPosted: Tue Sep 04, 2012 9:33 pm 
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Location: Goulburn NSW
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

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 Post subject:
PostPosted: Tue Sep 04, 2012 9:39 pm 
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Joined: Mon Aug 23, 2004 10:07 pm
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Location: SE Melbourne
You havent got any numbers worng have you?
For example:

100 + 20% = 120
120 - 20% = 96


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 Post subject:
PostPosted: Tue Sep 04, 2012 9:45 pm 
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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) :roll:

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 Post subject: Re: MED.UK VAT
PostPosted: Tue Sep 04, 2012 9:55 pm 
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Joined: Sat Apr 14, 2007 8:34 pm
Posts: 3415
Location: Cowra
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

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 Post subject: Re: MED.UK VAT
PostPosted: Tue Sep 04, 2012 10:50 pm 
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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

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 Post subject:
PostPosted: Wed Sep 05, 2012 7:03 am 
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Joined: Sun Apr 02, 2006 2:38 pm
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Location: Huon Valley, TAS
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.


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 Post subject:
PostPosted: Wed Sep 05, 2012 7:31 am 
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Location: Ipswich Qld
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. :D

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 Post subject:
PostPosted: Wed Sep 05, 2012 12:19 pm 
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Location: Adelaide, SA
or if you want to play it safe i just use thi website to calculate VAT

http://www.vatcalculator.org.uk/


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 Post subject:
PostPosted: Wed Sep 05, 2012 1:22 pm 
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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! :lol:

8)

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 Post subject: Re: MED.UK VAT
PostPosted: Wed Sep 05, 2012 3:27 pm 
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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 :D :D

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 Post subject:
PostPosted: Wed Sep 05, 2012 5:02 pm 
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Location: Brisbane
My they must be some fancy pistons![/u]

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 Post subject:
PostPosted: Wed Sep 05, 2012 5:59 pm 
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Joined: Sat Jul 23, 2011 8:17 am
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Location: san remo nsw
http://www.minispares.com/shop/classic/ ... spx?100110

these don't even go close, price wise.


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 Post subject:
PostPosted: Wed Sep 05, 2012 11:07 pm 
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Location: Goulburn NSW
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! :lol:

8)



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)

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 Post subject:
PostPosted: Wed Sep 05, 2012 11:11 pm 
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Thanks
Now I've got it, it'll make it easy to work out with my next orders.

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 Post subject:
PostPosted: Thu Sep 06, 2012 7:29 am 
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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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