I would like to know the answer too. Anyone here know what is the right answer. I'll do some research and get back to you if I got an anything. You should email the people at iPage as they probably can answer it..
1. You/I could also argue that previous to registering for VAT, their prices were at least 17.5% too high..
2. As above, 15% too high..
Depends upon how you look at things, right?.
As regards THIS thread:.
2.60 + 15% = 2.99.
2.60 + 17.5% = 3.06.
Hence my Comment about VAT...
Here is the OP says and I quote.
Btw, there is no such thing as too high a price: if customers are willing to pay then the price is right, if not, one would not be able to grow their turn-over from zero to the point that vat becomes liable..
No offense here. just tryign to help clear some interesting points....
My point being, that he got a quote of 3.06, which equates to 17.5%.
You fixed this for him, I presume, but you failed to update the thread with the actual fix..
I don't take offense at anything, I find things quite funny though sometimes...
My first post under this thread was intended to save peoples time not to post any more suggestions/solutions..
The reason why I 'failed' to update the thread is because the iPage site is a 'loaded' osc (you know what I refer to) and the tech details should not be discussed here at oscommerce support forums ( one other member pointed this out under another thread)..
RE 3.06: I first suggested it could be a typo of 2.66 instead of 2.60, as 2.66 at 15% vat also, surprisingly, equals to 3.06! but from the screenshots I received neither the suggestion of 17.5%vat nor the 2.66 typo were the case..
I think this thread should now be put to rest?..
I have set my royal mail recorded delivery shipping module price at 2.60 and as a taxable good of 15% which should show the total price as 2.99.
However when it displays on the checkout page in the shipping options on my iPage site it is showing 3.06?.
Can anyone offer a suggestion as to why this may be?.
No comment. I dont make moral judgement on iPage site owners RE pricing, which I believe is a business decision: you get it right you survive and the taxman has one more to tax from; you get it wrong, you are out of market and would add one more to the dole statistics..
Instantly, I happen to have a few real case studies about iPage site owners who share the same situations as follows:.
1. they all were only liable for vat recently, and as such, they would need to apply vat @17.5 to their selling price. Instead of inflating their price by 17.5%, they kept the price (not even increased by a penny) at what it used to be before vat as they rightly understood they were operating in a highly competitive, cut-throat market, which meant they cut their profit by as much as 17.5% and that would put them on quite a high moral ground and emit a strong rose aroma (unfortunately no sniff dog would come along to say so.
2. now when it comes to the 2.5% vat cut, they decided again to keep the price unchanged. Although this would in theory reduce their moral ground by up to 2.5% they should remain in a moral high ground given the fact that theyre still absorbing 15% vat cost, and the change, if any, in the rose aroma could only be told by a specially trained sniff dog, I suppose?.
Hope we all can draw the right conclusion from the above real case studies..