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Useful tool if buying and selling...

PostPosted: Wed Nov 23, 2005 8:10 pm
by adrian
Hi all,

With my line of work I found myself having to work out prices including and excluding VAT an awful lot on a calculator or excel spread sheet. Well, I just put together a very small and simple software tool to convert VAT amounts etc.

So, if you are interested a version is available at:

http://www.carwatch.ie/downloads/vat.zip

You could use it for working out percentages of anything...stamp duty, VRT as the VAT rate is configurable.

Hope is saves you as much time as it does me when quoting and getting quotes for products and services.

Cheers,

Adrian

PostPosted: Wed Nov 23, 2005 8:44 pm
by CJ
Nice one Adrian, looks good, any interest in making up a Jap import calculator? ;)

I had to download an updated Active X control (TabCtl32.OCX) to get it to work properly on XP Pro, you can get it here.

CJ

PostPosted: Thu Nov 24, 2005 11:52 am
by adrian
Thanks CJ. If you gave me an EXACT spec i will see what I can do on the calc front for importing....

PostPosted: Thu Nov 24, 2005 12:03 pm
by kevinod
adrian wrote:Thanks CJ. If you gave me an EXACT spec i will see what I can do on the calc front for importing....


The total amount (cost of car + cost of shipping) -> X
X * 1.1 (10% customs) -> Y
Y * 1.21 (21% vat) -> Z
Z + VRT, which tends to vary a bit.

Yes they do charge you customs + vat on the total INCLUDING the cost of shipping, which can't possibly be justified in my mind, and yes, they do charge you VAT on the customs which they charge you at the same time.

PostPosted: Thu Nov 24, 2005 12:59 pm
by soc
kevinod wrote:
adrian wrote:Thanks CJ. If you gave me an EXACT spec i will see what I can do on the calc front for importing....


The total amount (cost of car + cost of shipping) -> X
X * 1.1 (10% customs) -> Y
Y * 1.21 (21% vat) -> Z
Z + VRT, which tends to vary a bit.

Yes they do charge you customs + vat on the total INCLUDING the cost of shipping, which can't possibly be justified in my mind, and yes, they do charge you VAT on the customs which they charge you at the same time.



I thought you paid the customs excise on the "cost the car + VRT" and the VAT on the "cost of car + VRT + excise", no?

PostPosted: Thu Nov 24, 2005 1:03 pm
by kevinod
soc wrote:
kevinod wrote:
adrian wrote:Thanks CJ. If you gave me an EXACT spec i will see what I can do on the calc front for importing....


The total amount (cost of car + cost of shipping) -> X
X * 1.1 (10% customs) -> Y
Y * 1.21 (21% vat) -> Z
Z + VRT, which tends to vary a bit.

Yes they do charge you customs + vat on the total INCLUDING the cost of shipping, which can't possibly be justified in my mind, and yes, they do charge you VAT on the customs which they charge you at the same time.



I thought you paid the customs excise on the "cost the car + VRT" and the VAT on the "cost of car + VRT + excise", no?


No, VRT comes last luckily enough they don't tax that particular tax. First 10% customs/excise on the cost of the car + shipping, then the VAT comes in on top of that, and then the VRT last.

Just so galling that they get away with taxing the customs amount that they've added themselves, basically a tax, not to mention including the cost of shipping in the whole equation.