VP-ASP :: Shopping Cart Software

Shopping Cart Software Solutions for anywhere in the World

US/Canada(Toll Free): +1 888 587 2278
Europe/UK: +44 (020) 7193 9408
Australia/New Zealand: +61 3 9016 4497

VP-ASP Shopping Cart Customer Forum

Home | Profile | Register | Active Topics | Members | Search | FAQ
Save Password
Forgot your Password?

 All Forums
 VPCart Forum
 General help me questions
 UK VAT Increases - it''s not a 2.5% price increase
 New Topic  Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

Senior Member

United Kingdom
1898 Posts

Posted - December 29 2010 :  08:07:16  Show Profile  Visit devshb's Homepage  Reply with Quote
Just a quick note, because with the pending UK vat increase next week, there's a very easy trap to fall into....

If there's anyone out there who's a UK merchant and you use vat inclusive product prices, then please remember that you should NOT be increasing your prices by 2.5% when the pending vat change comes in next week (unless you want to profit slightly from it, in which case that's fine and you can ignore this note).

The actual calculation of changing a vat-inclusive price when vat changes from 17.5% to 20% is to multiply your price by roughly 1.02128, (ie multiply cprice by (1.2/1.175)).

The actual increase in the product price is LESS THAN 2.5%, it's more like 2.128%.

So, if you wanted to use BYZ089 to change vat-inclusive prices, then you'd use an "increase by percentage" value of:


(with the round-to-2-places option set)

(same with retailprice if you use that)

eg if you have a cprice of 117.50 (ie 100 is the pre-tax price), then your 117.50*1.021276595 comes out at 120.00 when rounded to the nearest penny which is correct, whereas if you increase cprice by 2.5% you'd get a value of 120.44 which is slightly off.

If my maths is wrong, please feel free to post a reply and correct it, but I think the above formula/pct is correct.

see also:
BYZ089 - Bulk Product Updater for VPASP:

(with all the technology in the world, there's still nothing that beats good old fashioned pen/paper when it comes to working out these formulae!)

Simon Barnaby
[email protected]
Follow us on Twitter: http://twitter.com/bigyellowzone
Web Design, Online Marketing and VPASP addons

Edited by - devshb on December 29 2010 08:11:28
  Previous Topic Topic Next Topic  
 New Topic  Reply to Topic
 Printer Friendly
Jump To:
Snitz Forums 2000