Just came across this "VAT free" Yeti offer -

http://www.garlandsk...cars/skoda_yeti

Any comments?

PS: looks like it may be an error as the "price from" quoted of £14940 is the RRP of the base model Yeti E.

Edited 13 July, 201213 yr by Truthseeker

The yeti isnt included in the vat free offer from Skoda UK.

Looks like a **** up by Garland Motors.

20% discount would be rather nice though.

They could of course have just decided to take a big hit financially themselves.

Phew!..................yes looks like an error and there is no "No Vat" on Yeti:

http://www.skoda.co.uk/GBR/finance/offers/noVAT/Pages/default.aspx

Looks like a **** up by Garland Motors.

20% discount would be rather nice though.

Actually 16.66...recurring per cent on the retail price.

tom

Actually 16.66...recurring per cent on the retail price.

tom

Sanqhar is correct with his maths as I have often thought the same when a retailer states "SAVE 20% NO VAT".

If a car is advertised with a RRP of £12000 (ie £10000 + 20% VAT), then a 20% saving on the RRP would be £2400, considerably more than the £2000 actual VAT.

Be good to challenge this in the courts. Any thought?

Edited 14 July, 201213 yr by Truthseeker

The 'VAT Saving' is the VAT applied to the base price of the car.

The brochure will read like this - Recommended Basic £XXXX, VAT£XXXX, RRP £XXXX and Recommended OTR £XXXX.

The recommended on the road price for the car will include the delivery, first registration fee and first year tax if applicable.

Is there a VAT saving now on the Yeti or not then?

Be a bit peeved if there is as I bought two Elegances in March.

Is there a VAT saving now on the Yeti or not then?

Be a bit peeved if there is as I bought two Elegances in March.

Answer - no.

The 'VAT Saving' is the VAT applied to the base price of the car.

The brochure will read like this - Recommended Basic £XXXX, VAT£XXXX, RRP £XXXX and Recommended OTR £XXXX.

The recommended on the road price for the car will include the delivery, first registration fee and first year tax if applicable.

I was not referring to Skoda dealers/brochure. My local Suzuki dealer springs to mind when they had "SAVE 20% on RRP - NO VAT" sticker on some new models. I challenged them and quite honestly the salesman was a bit thick and could not really understand what I was trying to explain. Also happens all over the high street.

I bet it doesn't!

I bet it doesn't!

Sorry but it does. Here is an example - please note the "Now save 20%" in the top left corner of photo. 20% saving is not the same as No VAT ........period!

https://lh6.googleus...0226_232948.jpg

Even Tesco can't get it right

http://revk.www.me.uk/2011/02/tesco-and-20-off-vat-free-shopping.html

Edited 14 July, 201213 yr by Truthseeker

Sorry but it does. Here is an example - please note the "Now save 20%" in the top left corner of photo. 20% saving is not the same as No VAT ........period!

https://lh6.googleus...0226_232948.jpg

Same as if you ask people how much VAT there is included in £100.

So many don't get that it's not £20. Because if it was VAT would be 25%. £80 plus VAT = £100.

£83.33 + VAT@20% = £100

Don't argue with a shop keeper!!

I'll let you have that Llanigraham. It is near enough!!

I have this argument as well.

I am just about to register for VAT myself, voluntarily. As I'm business to business it is worth my while.

I'll let you have that Llanigraham. It is near enough!!

I have this argument as well.

I am just about to register for VAT myself, voluntarily. As I'm business to business it is worth my while.

I wish it was voluntary for me!

I'll let you have that Llanigraham. It is near enough!!

I have this argument as well.

I am just about to register for VAT myself, voluntarily. As I'm business to business it is worth my while.

This should help you make up your mind -

http://blog.thecompanywarehouse.co.uk/2010/12/03/the-advantages-of-voluntary-vat-registration-for-small-business/

This should help you make up your mind -

http://blog.thecompanywarehouse.co.uk/2010/12/03/the-advantages-of-voluntary-vat-registration-for-small-business/

Thanks

I've already made up my mind. I just have to do it!

I can charge 20%, but I can use the flat rate scheme if I want to, 12% in my case. Just need to look into it to see which is more beneficial for me.

I need to do it before I order a new MacBook Pro though...

Not sure I can be bothered to reclaim the last 4 years VAT.

Oh, I'm taking this just slightly off topic. Should really start a new topic in 'Off Topic' area.

...but I can use the flat rate scheme if I want to...

Be careful with flat rate though - fine if you're selling a service where the bulk of what's sold is effectively manpower.

But if you're reselling physical goods then it's usually not good because VAT payment to HMRC is obviously due only on the difference between buying and selling prices less any other VAT-reclaimable expenses. With slim margins given the current economic circumstances, we're typically paying VAT on the standard scheme at what would equate to a flat rate of around 3% - well below any official flat rate tariff that's available, last time I looked. I think flat rate is primarily intended for tradesmen and the like, not shop owners. (No reason in principle why it shouldn't cover shop owners of course, but HMRC just don't seem prepared to extend the scheme to include lower margin retail outlets.)

Wonder if the Yeti will ever be included in the VAT-free scheme (ie the 16.67% discount)? Maybe it will depend on how good the FL model might be as and when it appears (this time next year?) - perhaps there'll be a sell-off of current model stock - and what the competition does in the meantime. Though can't say I've noticed too many real Yeti competitors being pre-announced as yet.

I very much doubt the Yeti will go into the scheme, when they can't make them quickly enough to cover demand. Normally these sorts of "offers" are introduced to "push" slow moving stuff.

I very much doubt the Yeti will go into the scheme, when they can't make them quickly enough to cover demand. Normally these sorts of "offers" are introduced to "push" slow moving stuff.

Yes we bought a Fabia SE with the old 1.4 petrol engine under the 25% discount scheme i.e. £8,995 instead of £11,995 which I thought for a family run-about was a good deal.

Be careful with flat rate though - fine if you're selling a service where the bulk of what's sold is effectively manpower.

No goods sold. Just me & my time