Vat Free Explained
Some of you will ask “Why is there still VAT showing on my invoice?”
By law we have to charge VAT on purchases. There’s no escaping the taxman! But on VAT Free days we discount the value of the VAT from the price of the product. So even though VAT is still showing on your receipt, it is the same as you not paying VAT price at all!
In a nutshell, our VAT Free discount means the total amount payable is the pre-VAT total of your order.
£100 list price item (ex VAT) – 16.66% = £83.33 + 20% VAT = £100.00 (original online list price).