VAT Rate Change Question.

Discussion in 'Buying Tips and Advice' started by dannyboxer, Nov 29, 2008.

  1. dannyboxer macrumors regular

    dannyboxer

    Joined:
    Oct 12, 2008
    #1
    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?
     
  2. logana macrumors 65816

    logana

    Joined:
    Feb 4, 2006
    Location:
    Scotland
    #2
    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.
     
  3. eluk macrumors 6502a

    eluk

    Joined:
    Dec 14, 2006
    Location:
    East London, UK
    #3
    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.
     
  4. dannyboxer thread starter macrumors regular

    dannyboxer

    Joined:
    Oct 12, 2008
    #4
    Have you even read this?
     
  5. VideoFreek macrumors 6502

    VideoFreek

    Joined:
    May 12, 2007
    Location:
    Philly
    #5
    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.
     
  6. eluk macrumors 6502a

    eluk

    Joined:
    Dec 14, 2006
    Location:
    East London, UK
    #6
    No, I missed that.

    I will wait and see if there are any actual reductions.
     
  7. RosieKins macrumors newbie

    Joined:
    Apr 18, 2008
    #7
    Apple don't charge your card until the order ships, so they'll deduct the changed rate accordingly, rather than a separate crediting.
     
  8. logana macrumors 65816

    logana

    Joined:
    Feb 4, 2006
    Location:
    Scotland
    #8
    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 !!!
     
  9. dannyboxer thread starter macrumors regular

    dannyboxer

    Joined:
    Oct 12, 2008
  10. gazfocus macrumors 68000

    gazfocus

    Joined:
    Jan 3, 2008
    Location:
    Liverpool, UK
    #10
    Not sure if anyone has noticed but the prices on the Apple website are lower now :)
     
  11. eluk macrumors 6502a

    eluk

    Joined:
    Dec 14, 2006
    Location:
    East London, UK
  12. logana macrumors 65816

    logana

    Joined:
    Feb 4, 2006
    Location:
    Scotland
    #12
    and I am very surprised that they have even rounded the prices down to the nearest pound.....
     
  13. dannyboxer thread starter macrumors regular

    dannyboxer

    Joined:
    Oct 12, 2008
    #13
    Just got an email saying I won't get the VAT money back. I ordered through a debit card which is charged strait away. :(
     
  14. gnasher729 macrumors P6

    gnasher729

    Joined:
    Nov 25, 2005
    #14
    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.
     

Share This Page