VAT FREE SALE

Posted by Clive Billing 05/06/2019 0 Comment(s)

Vat free sale

Terms and conditions

WHY NO CERTIFICATED DIAMONDS IN THE PROMOTION?

Certificated diamonds are a traded commodity, the VAT amount is larger than the margin

NO BESPOKE DESIGN IN THE PROMOTION.

WHEN WILL THE VAT FREE SALE END?

The promotion will end automatically when a predefined sales value is reached, no one can know when that is

VAT IS 20% WHY IS THE DISCOUNT NOT 20%

VAT is a Value Added Tax at 20%, our prices are VAT inclusive so that calculation is selling price divide 1.20
Example Item is £100 plus VAT at 20% = £120 inc VAT
That's £20 VAT 
£120 less £20 = £100 which is the correct 'net price
£120 less 20% = £96 which is wrong
The correct maths is £120 divide 1.20 = £100 which is 16.66% discount from the VAT inclusive finger

CAN THIS PROMOTION BE BACK DATED?

No sorry, never in the retail world as a sale been retrospective, its a marketing tool to drive new, incremental business