VAT Rate Change Question.

[dannyboxer]

Hello everyone! I've just bought an iMac!

Anyway, I've got a question about the VAT rate change happening in the UK on Monday. On the iMac page it says under the "Learn more about the VAT rate change" link that

If you order a Mac from the Apple Online Store during our one-day shopping event, the price displayed during the checkout process and in your Order Confirmation email will include VAT at the current rate of 17.5%. However, since your order will ship on or after Monday December 1, your order will be subject to VAT at the new rate of 15%.

Well, I didn't order my iMac on the one-day shopping event, I ordered it today, so I don't know if that makes any difference.

But, seeing as I have already paid for the iMac, how will I get the money back from the VAT savings? Will they send me a check with my iMac?

 

[logana]

It is very cleverly worded - it does not actually say that the price will be lower - or just stay the same. Apple prices on their website (and invoices) are shown both ex-VAT and including VAT.

We are not going to find out till Monday but I hope that Apple's prices will come down as a result of the 15% VAT rate.

 

[eluk]

You'll pay the current rate at time of purchase i.e. 17.5%. So even if they do drop the price, which I doubt, there'll be no refund.

 

[dannyboxer]

You'll pay the current rate at time of purchase i.e. 17.5%. So even if they do drop the price, which I doubt, there'll be no refund.

Have you even read this?

If you order a Mac from the Apple Online Store during our one-day shopping event, the price displayed during the checkout process and in your Order Confirmation email will include VAT at the current rate of 17.5%. However, since your order will ship on or after Monday December 1, your order will be subject to VAT at the new rate of 15%.

 

[VideoFreek]

You'll receive the benefit of the lower VAT rate--how depends on how you paid. If by credit card or bank transfer, they'll likely just issue a credit to your account. If by check, you'll probably get a refund check. When in doubt, just call customer service and ask.

 

[eluk]

Have you even read this?

No, I missed that.

I will wait and see if there are any actual reductions.

 

[RosieKins]

Apple don't charge your card until the order ships, so they'll deduct the changed rate accordingly, rather than a separate crediting.

 

[logana]

The rate at which you will be charged VAT depends on the tax-point. In the UK this is always the earliest of :

1 Payment (when your credit card is billed)
2 Supply of the goods - when you receive the goods
3 The invoice date

Apple do not charge your credit card until the date of despatch...

So if you order today (30 November - 17.5% VAT) and not shipped (and credit card charged) until tomorrow (1 December - 15% VAT) then you will be charged 15% VAT.....

Simple really.........if you are an accountant !!!

 

[dannyboxer]

Cool. Thanks for all the answers.

 

[gazfocus]

Not sure if anyone has noticed but the prices on the Apple website are lower now

 

[eluk]

I'm pleasantly surprised.

 

[logana]

and I am very surprised that they have even rounded the prices down to the nearest pound.....

 

[dannyboxer]

Just got an email saying I won't get the VAT money back. I ordered through a debit card which is charged strait away.

 

[gnasher729]

Hello everyone! I've just bought an iMac!

Anyway, I've got a question about the VAT rate change happening in the UK on Monday. On the iMac page it says under the "Learn more about the VAT rate change" link that


Well, I didn't order my iMac on the one-day shopping event, I ordered it today, so I don't know if that makes any difference.

But, seeing as I have already paid for the iMac, how will I get the money back from the VAT savings? Will they send me a check with my iMac?

If you ordered before Monday, the advertised price was including 17.5% VAT. The price you would be charged would be including 15% VAT, so you would be charged less than advertised.

If you ordered on Monday, then the advertised price includes 15% VAT, so you will be charged exactly what it says on the Website. I checked the cheapest MacBook; its price has gone down from £719 to £704.