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tax on wine ?

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sirlearie | 13:54 Sun 02nd Jan 2011 | Quizzes & Puzzles
4 Answers
can anyone tell me the duty & VAT on a £5 bottle of wine now that VAT = 20% ?
thanks .
sirlearie .
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Avatar Image gina32
12.5p
13:56 Sun 02nd Jan 2011
Avatar Image redglenys
£1
14:01 Sun 02nd Jan 2011
Avatar Image bednobs
vat does not = 20% now. it = 17.5%
14:02 Sun 02nd Jan 2011
Avatar Image sirlearie
Question Author
technically should have put " once VAT is 20% " ( in 48hrs time )
i'm sure that duty alone is > £ 1.60 out of the £ 5 so am thinking likely total of tax + VAT =£ 2.60+ .
sirlearie.
17:16 Sun 02nd Jan 2011

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