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I know how VAT works. If the government changes the VAT overnight then prices won't round to .99 until merchants (or Amazon themselves) change the base price ag

by iqanq 5y ago

I know how VAT works. If the government changes the VAT overnight then prices won't round to .99 until merchants (or Amazon themselves) change the base price again. I don't see the issue.

germanier 5y ago
Usually in B2C prices are quoted and agreed upon as gross price (including tax). If the tax rate is lowered, this then raises the base price.
eru 5y ago
I mentioned this, because American retail prices as quoted typically don't include their equivalent of VAT.