20% VAT – dumbing down maths!
The life of a GCSE maths author is never easy, and a good deal of effort went into making sure that we included both the 15% VAT rate, when we started writing Longman AQA GCSE Maths, and the 2010 VAT rate of 17.5% when we published the resources.
And now, in the interests of bailing out the bank-bail-out, we know that from January 2011, VAT will be charged at 20%.
So the delights of realising that 17.5% can easily be found by halving 10% twice (as it were), become less real-life-relevant than we’d like!
And a diverse collection of views is gathering at TES Connect. To paraphrase one comment: ‘If only they understood what a percentage is…’ (Guess they’re talking about students rather than politicians here?)
VAT increase calculator
If you want to start comparing rates and price rises straight away, thisismoney.co.uk is a great website - click for their ready-made calculator!
The really great news, though, is NOT extending VAT to books!!
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