Video Shop on Lordship to become Poundland

[Ladymuck]

No - HAL9000 :))

[binary_star]

What...no 99p store!? Typical of East Dulwich to price them out!

[Huguenot]

Okay, I'll do it.

The additional 2.5% on VAT would turn a pound store into at 102.1277 pence store, not 102.5.

This is because the additional 2.5% is added to the pre VAT price of the product, which is 85.10638p, not the inclusive price of 100p.

[karter]

Hugue- you spoil-sport goodie goodie.:))

[Jah Lush]

Fecking pedant.

[????]

"Mick Mack and Hugo sitting in a tree"

[Huguenot]

Had to correct myself to really keep the pedant points high ;-)

[DJKillaQueen]

So that would then mean 2.1277 less pence per unit to the supplier which would trickle down to lower wages in the factories of India whaere the goods are made?

[ianr]

Huguenot Wrote:

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> Had to correct myself to really keep the pedant points high

You'd get even more if you took into account the proportion of their turnover that's zero rated for VAT.

[karter]

depends on if any of their turnover is subject to the zero rate of course ianr.

[Huguenot]

I can't imagine that much in a pound shop is zero rated, apart from razor blades ;-)

[DJKillaQueen]

What I don't understand is why it's called Poundland when everything is 99p anyway?

[Mick Mac]

Huguenot Wrote:

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> Okay, I'll do it.

>

> The additional 2.5% on VAT would turn a pound

> store into at 102.1277 pence store, not 102.5.

>

> This is because the additional 2.5% is added to

> the pre VAT price of the product, which is

> 85.10638p, not the inclusive price of 100p.

Brilliant - could not have put it better mysekf. I was itching to do it though.

[Mick Mac]

DJKillaQueen Wrote:

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> So that would then mean 2.1277 less pence per unit

> to the supplier which would trickle down to lower

> wages in the factories of India whaere the goods

> are made?

No.

[DJKillaQueen]

:))

[Narnia]

What Mick may be saying is that VAT is a tax which at whatever rate it is goes to the government. Anyone registered for VAT is acting as a tax collector and nothing else. So the price per unit remains the same. However, with the additional tax, less units may be sold.

[DJKillaQueen]

aahhhh.....it all becomes clear now!

[ianr]

Huguenot Wrote:

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> I can't imagine that much in a pound shop is zero rated, apart from razor blades

Ah. I was thinking of the 99p shops. Different kettle of fish, maybe. Fair bit of edible stuff. All pretty straightforward. ;) http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageLibrary_PublicNoticesAndInfoSheets&propertyType=document&columns=1&id=HMCE_CL_000118#P67_4124

[Huguenot]

Gosh, no you're right. I've just been to Poundland's website and they do stock a lot of food.

I always thought they were just bric-a-brac stores. I was thinking of that place on LL where they sell lots of plasstic buckets.

[woofmarkthedog]

ST&NLY Wrote:

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> Just heard from my friend who works for the estate

> agency Alan & Hansen that Poundland have a temp

> permit for 2 years to run their business in

> Lordship lane.

-------------------------------------------

From the horses mouth..

http://upload.wikimedia.org/wikipedia/commons/e/ee/Alan_hansen_in_2004.JPG

" Poundland have a temp permit for 2 years to run their business in Lordship lane. "

I thank you

W**F

[Narnia]

  Quote

That place is called Farmers where you should expect to be able to buy food but can't.

[Mick Mac]

Huguenot Wrote:

-------------------------------------------------------

> Gosh, no you're right. I've just been to

> Poundland's website and they do stock a lot of

> food.

>

> I always thought they were just bric-a-brac

> stores. I was thinking of that place on LL where

> they sell lots of plasstic buckets.

A J Farmers - 'where you can buy absolutely everything for absolutely nothing.' as jimmy nesbitt once said to me. (oh yes he did...)

[Moflo]

Mick Mac Wrote:

-------------------------------------------------------

> Huguenot Wrote:

> --------------------------------------------------

> -----

> > Okay, I'll do it.

> >

> > The additional 2.5% on VAT would turn a pound

> > store into at 102.1277 pence store, not 102.5.

> >

> > This is because the additional 2.5% is added to

> > the pre VAT price of the product, which is

> > 85.10638p, not the inclusive price of 100p.

>

>

> Brilliant - could not have put it better mysekf. I

> was itching to do it though.

Lol how Anal are you lot!!

[KalamityKel]

"anal" ? Erm... care to elaborate on such an accusation or are you just in the mood for empty name calling today? :-S

Can't we all just play nicely?

[Pearson]

^Moflo was just a upset about some of her threads being deleted earlier :(