1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

money money money...

Discussion in 'General' started by Pballer98c, 24 Jan 2005.

  1. Pballer98c

    Pballer98c Minimodder

    Joined:
    2 Jan 2005
    Posts:
    454
    Likes Received:
    0
    ok, so after reading countless threads I still can't figure out your (us/british/euro/whatever its called) money system. I see pound, quid, VAT?
    confused....
    lol is VAT like an internet tax or something? or is it like shipping (im cluessless)
    thanks!
     
  2. atanum141

    atanum141 I fapped to your post!

    Joined:
    22 Jul 2004
    Posts:
    7,986
    Likes Received:
    19
    vat is the tax added on to an item or product so the price shown is tax included already unlike the states where the tax is added on when paying for the item(i think??)

    its a government tax
     
  3. Lord_A

    Lord_A Boom baby!

    Joined:
    23 Mar 2002
    Posts:
    3,539
    Likes Received:
    2
    In the UK the currency is called Pound, that is the official name, it is also known as quid, squids, and many other that I can't think of atm!

    VAT stands for 'Value Added Tax' AFAIK - and its the tax we pay on all goods bar food (not so sure about the food tax part)
     
  4. Hiren

    Hiren mind control Moderator

    Joined:
    15 May 2002
    Posts:
    6,131
    Likes Received:
    13
    VAT is typically 17.5% on the price of a good. Hence when shopping online it's a good idea to check whether the price includes VAT or not.

    However now in the UK the single european currecncy (cunningly named the Euro) is also accepted in many places.
     
  5. Lamer

    Lamer What's a Dremel?

    Joined:
    5 Jan 2005
    Posts:
    12
    Likes Received:
    0
    It's a tax from value of an object you buy (yeah I know my english is terrible, I hope you understand :p).

    For example: lets say that we're buing a drill, the price of the drill is 10$ but when you add a VAT (for example 22%) it will cost 12.20$ and that's the price you have to pay.
     
  6. nohope4me

    nohope4me What's a Dremel?

    Joined:
    2 Jun 2004
    Posts:
    238
    Likes Received:
    0
    Main unit of currency: UK Pound (AKA quid, squid, etc) = 1.88 USD
    100 New Pence make one Pound.


    VAT: Value Added Tax. A surcharge on all 'non-essential' items, basically meaning most things except basic food, childrens' clothes, etc. Scourge of the small businessman. Typically 17.5%.
     
  7. Morphious

    Morphious What's a Dremel?

    Joined:
    19 Jan 2004
    Posts:
    583
    Likes Received:
    0
    17.5%?!?! OUCH! That sucks. :(
     
  8. TekMonkey

    TekMonkey I enjoy cheese.

    Joined:
    6 Dec 2002
    Posts:
    3,081
    Likes Received:
    0
    When I first saw VAT, I thought it had something to do with the Vatican... :worried:
     
  9. Pballer98c

    Pballer98c Minimodder

    Joined:
    2 Jan 2005
    Posts:
    454
    Likes Received:
    0
    ok cool. thanks, that helps a lot. We dont have tax added to products when bought over the internet (cept for texas?? maybe) so thats why i was a little confused. We you buy something in the store, you usually are charged around 8% sales tax :) thanks
     
  10. Guest-16

    Guest-16 Guest

    Buy something worth a quid and itll cost you £1.18

    Everyone in britain is issued steel underwear at birth to prevent groinal injury cause we're constantly being kicked in the crotch by the govt.
     
  11. atanum141

    atanum141 I fapped to your post!

    Joined:
    22 Jul 2004
    Posts:
    7,986
    Likes Received:
    19

    :D :rock: :clap: :thumb:
     
  12. Piratetaco

    Piratetaco is always right

    Joined:
    15 Apr 2004
    Posts:
    2,746
    Likes Received:
    1

    also when you pass your driving test you are issued with a tub of lube and a barrel
     
  13. RTT

    RTT #parp

    Joined:
    12 Mar 2001
    Posts:
    14,120
    Likes Received:
    74
    and when you buy a TV...
     
  14. Jumeira_Johnny

    Jumeira_Johnny 16032 - High plains drifter

    Joined:
    13 Nov 2004
    Posts:
    3,708
    Likes Received:
    144
    VAT is what we Yanks call sales tax. But it is applied directly to the item, instead of at the cash register. So the prices are WYSIWYG. And you don't have to do so much heavy math before you pay. I think the English do this because of the chav problem they have now. And the belgians do it because of Relix. :hehe:
     
  15. Stickeh

    Stickeh Help me , Help you.

    Joined:
    20 Jul 2003
    Posts:
    3,574
    Likes Received:
    89
    Rip-off britain, 'nuff said me thinks.
    Need to move somewhere cheaper...
     
  16. Sc0rian

    Sc0rian Here comes the farmer

    Joined:
    23 Feb 2003
    Posts:
    3,542
    Likes Received:
    2
    Rofl

    Cheap ass poor git stickeh that can't afford anything so he blames britain:p




    Agree with H, and its hopefully going to stay like that! Get euro's in the uk I will kill myself.

    - S
     
  17. Stickeh

    Stickeh Help me , Help you.

    Joined:
    20 Jul 2003
    Posts:
    3,574
    Likes Received:
    89
    Hmmm, didnt say i was poor, would prefer it if everything was cheaper though, then i could buy MORE :D
     
  18. Sc0rian

    Sc0rian Here comes the farmer

    Joined:
    23 Feb 2003
    Posts:
    3,542
    Likes Received:
    2
    rofl, shame it doesnt work like that:)...

    Things go down other's will go up, its nearly impossible to make things cheap, due to other companies in the competition. Also they got to make a profit blah blah

    Right oh..

    - S
     
  19. penski

    penski BodMod

    Joined:
    29 Aug 2002
    Posts:
    8,159
    Likes Received:
    2
    We pay $9 for 20 Malboro red.

    We pay $6.40 per (US Liquid) Gallon of petrol.

    We get taxed to hell.

    *n
     
  20. Bogomip

    Bogomip ... Yo Momma

    Joined:
    15 Jun 2002
    Posts:
    5,161
    Likes Received:
    39
    at least we have a good economy, and a government which reasonably takes care of us (generally good health care, services, national defence etc) - i like living here, and im proud of my country, whatever they did in the past!

    nice high tax on smokes/petrol/alcohol only helps make us better - and it isnt like we cant afford the 17.5%. we is a v rich country :)

    edit: though i agree on some points we get screwed - the TV thing for one - driving tests are completele stupid (though tbh it may make us safer for it) - and we could be said to be a violent nation!
     

Share This Page