ok i do this in my spare time im sad no appologies.
monday morning a man is paid £1,000 of which he pays 20% tax,leaving £800.
he goes to local hi-fi store to buy a plasma for £800 of which 17.5% is tax leaving £660.
the hi-fi store owner claims the £660 as earnings paying 20% income tax leaving £528
during lunch he goes to a furniture store to but a settee for £528 of which 17.5% is vat leaving £435.
the furniture stoe guy pops into john lewis at 1 pm to buy a new bed with his £435,of which 17.5% is taxed leaving £358.john lewis pay his worker £358 at 1.15 pm including 20% income tax leaving £286.the worker goes to argos to buy a ps3 at 1.30 pm.costing £286 of which 17.5% is vat leaving £235.
in the space of an afternoon almost %80 percent has been returned in tax.
by half past 5 the goverment mst almost have it all back.
any references to john lewis are strictly unintentional,i just had them on a second tab.