Pudsey reusable bags £1 at Asda with 79p going to Charity
689°Expired

Pudsey reusable bags £1 at Asda with 79p going to Charity

22
Found 28th Aug 2011
Pudsey Bear bags are in store, and from every £1 sale at least 79p will be donated to Children in Need

Taking off the VAT that is in with the price, all but 4.3p is being donated. C'mon lets get this one hot for the kids

22 Comments

YEAH Chairideee!!!!!

Not voted either way but I would rather give the £1 to CIN directly. Than pay WallMart yet more money

VAT isn't normally charged on these sorts of items. So Asda is making 21p on the sale of each bag.

They do seem like nice bags though

To be fair, ASDA isn't making 21p - someone has to manufacture the bags, then there's distribution etc etc - might even be running these at a loss ??

MerlinsMate

To be fair, ASDA isn't making 21p - someone has to manufacture the bags, … To be fair, ASDA isn't making 21p - someone has to manufacture the bags, then there's distribution etc etc - might even be running these at a loss ??


Asda isn't making 21p at all, they're making 4p + the saving from supplying a disposable bag, as they have to pay 17p VAT on each back sold. So definitely being sold at a loss, well done to them.

alternatively just put 79p in the collection pot and save yourself 21p and take as many asda bags you want for nought.
yep im a tight ass thats why im on hotuk lol
Edited by: "justabout72" 28th Aug 2011

Banned

OP, check your maths.

The OP is correct;

£1 - Cost of Bag
VAT @ 20% - 20p
79p to Charity - 1p remaining therefore ASDA is definitely trading at a loss on these.

However, if they are exempt from VAT, 21p is very difficult to produce and distribute these bags...

dunfyboy

OP, check your maths.



Poster, check you VAT rate.

they look like decent bags and for a good cause, are these the hessian type?
re the charity side, its much better to do it via gift aid or debit card where you can state your a tax payer so they can claw back the tax for themselves.

Rob-Rules

The OP is correct;£1 - Cost of BagVAT @ 20% - 20p79p to Charity - 1p … The OP is correct;£1 - Cost of BagVAT @ 20% - 20p79p to Charity - 1p remaining therefore ASDA is definitely trading at a loss on these.However, if they are exempt from VAT, 21p is very difficult to produce and distribute these bags...


That doesn't take account of the fact that the VAT is *already* included in the £1.00 price tag though. Your maths is saying that hypothetically if the bag cost £1.00 without VAT, then VAT would be an extra 20p. There is a difference (I didn't understand this at first, either).

£1.00 = cost of bag already including VAT at 20% (i.e. £1.00 is 120% of its original price)
So to get back down to 100%, the original price of the bag without VAT, easiest way is to divide by 1.2 on a calculator.

Therefore bag without VAT = £0.83.

Check: 20% of £0.83 = £0.17
£0.83 + £0.17 = £1.00 = shelf label price of bag with VAT included.

Maybe they are VAT free anyway. Either way hot deal.

odom - Aug 28, 2011 20:34MerlinsMate
To be fair, ASDA isn't making 21p - someone has to manufacture the bags, then there's distribution etc etc - might even be running these at a loss ??
Asda isn't making 21p at all, they're making 4p + the saving from supplying a disposable bag, as they have to pay 17p VAT on each back sold. So definitely being sold at a loss, well done to them.


correct, before people start telling each other to check their maths they should check their own. If you pay £1 inc 20% vat the vat is 16.667p. or it's changed since I went to junior school.

boooooo....children in need...

There's some miserable sods around.
A great post for a great cause and
they have to pick holes in it.Shame
on you. Hot, hot and hot

MerlinsMate

To be fair, ASDA isn't making 21p - someone has to manufacture the bags, … To be fair, ASDA isn't making 21p - someone has to manufacture the bags, then there's distribution etc etc - might even be running these at a loss ??



ASDA don't do anything for a loss!

justabout72

alternatively just put 79p in the collection pot and save yourself 21p … alternatively just put 79p in the collection pot and save yourself 21p and take as many asda bags you want for nought.yep im a tight ass thats why im on hotuk lol



While a part of it is about donating to children in need, it is also about your contribution to a greener environment.

Banned

Gold star for Rohanch

I love children in need, but i miss the old pudsey lol

Why people are being so petty I don't know!
They look nice bags... I shall be picking up one myself

Thank you! Voted hot hot hot !

"charities" like children in need have 17 layers of bureacracy and little of your money will ever get to where its meant to
better to donate straight to local charities, preferably those with a large proportion of volunteers
Edited by: "thegroutch" 29th Aug 2011

heat for good will!

If those tightwads (sorry posters) don't want to buy the bag then don't. It's your choice, whether you do or not, but don't knock those that want to. Asda's running a commercial business and doesn't have to join in, so fair play to them for their initiative. It never ceases to amaze me that considering most of us are skint, the amount that British people cough up whenever there's a disaster somewhere. We're still a nation of givers, so don't knock us for it.

I'm really confused... these bags are advertised as £2 in our local Asda, and they scan at £2 - how much are they selling for nationally?
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