Just bought an imac 27" with a university discount. This came with a free £65 mac store voucher although this cost was added to the bill. The only savings on the bill was £54.17, any idea what has happened? Has Vat somehow been applied to this wrongly? Or am I actually paying around £10 to actually get this 'free' voucher?
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Apple savings do not give UK educational discount
- Thread starter Sycren
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The total value at the end is correct.
I think that becasue the gift voucher is subject to 0% vat, then the pre vat price is obviously still £65.
Then in the saving, it says a saving of £54.17 before vat. I think this is because it is calculating the hole basket with vat at 20%, therefore a saving of £65 with VAT at 20%.
eg for macbook pro.
£716.00 (ex Vat) 859.20(inc Vat)
£65.00 (ex vat) £65.00 (inc vat)
Basket Subtotal£781.00.
Free Delivery£0.00.
Savings (ex. VAT)-£54.17.
VAT £132.37.
Order Total£859.20.
Total savings (excl. VAT)£54.17
So the order total is correct.
They way to think of it is that you are paying full price for the card, but getting £65 including vat off the Mac. Which saves apple £54.17 but also means £10 ish is saved on their vat bill to the goverment.
I think that becasue the gift voucher is subject to 0% vat, then the pre vat price is obviously still £65.
Then in the saving, it says a saving of £54.17 before vat. I think this is because it is calculating the hole basket with vat at 20%, therefore a saving of £65 with VAT at 20%.
eg for macbook pro.
£716.00 (ex Vat) 859.20(inc Vat)
£65.00 (ex vat) £65.00 (inc vat)
Basket Subtotal£781.00.
Free Delivery£0.00.
Savings (ex. VAT)-£54.17.
VAT £132.37.
Order Total£859.20.
Total savings (excl. VAT)£54.17
So the order total is correct.
They way to think of it is that you are paying full price for the card, but getting £65 including vat off the Mac. Which saves apple £54.17 but also means £10 ish is saved on their vat bill to the goverment.
To you it makes no difference. But to Apple, it makes £11 difference. And to the tax office as well.
Apple let you save £65 after tax, which for you is the only relevant amount. If they gave you a free £65 card, Apple would have to pay the VAT of your full price MacBook. Instead they gave you a £65 rebate on the MacBook, so now Apple pays VAT on the price of the MacBook minus £65. So Apple pays 20% of £65 less to the tax office.