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iPod Touch 8GB £165

The max rebate you can get is £145, so we have to pay £20 for the bloody thing. Then again, it would sell for more than £20 so thats profit either way, but not as much!

Think it's similar in the US... you claim for the price of the iPod minus sales tax/VAT.

145 +15% VAT is more or less the retail price in the UK.
 
The OP has realized his error and is now applying for his rebate, after receiving which he will sell the iPod and realize his profit.

No, he will swap the iPod for a cow, which he will trade in for a handful of beans, which his mother will throw out of the window, ... and what do you think will happen next :D
 
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