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VAT on Contract Meaning?

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Comments

  • Frank99
    Frank99 Posts: 626 Forumite
    Seventh Anniversary 100 Posts Name Dropper Photogenic
    I was always told if you don't understand something, Ask? so now i know!
    Enjoy everyday like it's your last!
  • mattyprice4004
    mattyprice4004 Posts: 7,492 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Okay, so you agree that x + y = z...

    In your example, x = £1000 and y = £500, so z = £1500.
    So why would you assume VAT was included?

    x = £340, y = VAT (£68)... so z = £408.

    I'm sorry but I really don't understand how you could think a price that was stated as PLUS VAT includes it - that just doesn't make sense to me.
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