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Unlike garden centre chain Dobbies, who never introduced the discount, Homebase announced to customers in December that it would reduce products at the till and then scrapped the pledge at the start of January without shoppers' knowledge.
VAT CUT NOW AT HOMEBASE. In line with the recent Government announcement, Homebase has applied the VAT reduction to all products, for sales through all ...
VAT update VAT CUT NOW AT HOMEBASE In line with the recent Government announcement, Homebase has applied the VAT reduction to all products, for sales through all channels – in store, online and phone. Shopping In Store When you go in to a Homebase store, all the prices you see displayed will include VAT at the old rate of 17.5%; however when you purchase you will have the reduction applied at the till. Shopping / Browsing Online For all our products that are available to buy online, the prices (for products and delivery charging) shown include the reduction to fall in line with the new VAT rate. In line with our approach in stores, all products that are available for browsing and that can be Stock checked, and where appropriate, Reserved for collection, will have the reduction applied at the till when you purchase. Why is the discount 2.13%, not 2.5%? To help you understand how the new VAT cut is calculated, please see the example below: The current product prices include VAT at 17.5%. So, for example, the VAT Exclusive price on a product that costs £100 would be £85.11. To calculate the price of the £100 item with VAT at only 15%, we add 15% to the VAT Exclusive price of £85.11, which means that the new price would be £97.87. This is the original price minus 2.13%.