[Archive] GW UK passes on VAT cut...almost

Archive [Archive] Off-Topic Discussion
1

Grimstonefire:

Just noticed that GW has passed on the 2.5% VAT cut. Anyone know if they did this recently? An £18 regiment should now cost £17.55 and now costs £17.60??

So the first reduction in GW prices we’ve seen since… well ever I think?

Makes me laugh that they haven’t just passed on the full cut. It doesn’t affect their profits in any way whatsoever. Obviously they don’t want their staff handling 5 pence’s. Must be dangerous for their health or something :stuck_out_tongue:

2

Godbob and his jolly rogers:

It was to make it easier, but I thought they rounded it to the nearest 5p, seems not.

3

Hashut’s Blessing:

I knew nothing of this. Shame it’s such a small cut, but it;s less money to the government and more money for us :stuck_out_tongue:

4

Kera foehunter:

like i belive that hb!!! wow with the falling of oil prices! they should be lowing more ha HA

IF THEY USE THE SAME EXP. FOR RAISING THE PRICES

5

snowblizz:

Just noticed that GW has passed on the 2.5% VAT cut.  Anyone know if they did this recently?  An £18 regiment should now cost £17.55 and now costs £17.60??

So the first reduction in GW prices we've seen since... well ever I think?

Makes me laugh that they haven't just passed on the full cut.  It doesn't affect their profits in any way whatsoever.  Obviously they don't want their staff handling 5 pence's.  Must be dangerous for their health or something :P

Grimstonefire
Well, you won't get a full 2.5% lowering of the price. It has to do with the way VAT is calculated. A 2.5% off VAT won't lower to the final price 2.5%, it will be a bit less, I think GW said 2.13%. They actually had a notice about it even including a mention of it not being a full 2.5%, I guess they realised people would think they were trying to trick them otherwise.
So they aren't actually doing it wrong, it just looks that way to the uninitiated. Its is a common misconception I've run across before. It's not quite as easy to calculate with the VAT as people seem to think.
6

cornixt:

Using actual maths:

(18/1.175)1.15 = 17.62

(price removing 17.5%VAT) adding 15% VAT = new price.

So GW get 2p less profit per box.

7

Hashut’s Blessing:

snowblizz, I’d assumed that was the case.

Kera, I meant I didn’t know that GW was dropping prices.

Still, good they’re losing a tuppence profut per box. :stuck_out_tongue: In a sense.