Just wondering how to calculate the drop in VRT in July for a car that's dropping for 25% to 16% - Is it calculated based on the retail price before VAT?
Retail Price of Octavia Elegance is €25950
Less 21% Vat = 25950 / 1.21 = €21446
Would new price (before manufacturer increases it) be (21446 / 1.25) * 1.16 = 19901
Add Vat - 19901 * 1.21 = €24080??????
Retail Price of Octavia Elegance is €25950
Less 21% Vat = 25950 / 1.21 = €21446
Would new price (before manufacturer increases it) be (21446 / 1.25) * 1.16 = 19901
Add Vat - 19901 * 1.21 = €24080??????