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BTP uses pounds (ﾃつ｣) brittish pounds at that.

If you buy something in britain you must pay VAT at 17.5% on it, so you now must paye this on auctions as well - otherwise what was in it for us in making and maintaining the system?

So just a heads up - you'll get 17.5% less winnings than you might expect.

EDIT: ok, changed my mind a bit - this isn't really VAT - it's mroe like a handlign charge so i've gone for the old bookmakers tax of 9%, which isn't actually around anymore...

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31.08.04 01:14
Post #1		Last edited: 31.08.04 01:51 (ReadMe - 1 times) [Hide Sig (7)] [Profile] [Quote]
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Can we put some of that in the lottery or something? Makes the lottery more interesting..
31.08.04 01:15
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hrm lotto fund.. interesting idea.

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31.08.04 01:17
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C1's popping out these good ideas, like crazy these days =/ Suprisingly, the admins are actually liking them :P
31.08.04 01:19
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Rather like a bank donation? Wouldn't it just go to the btp bank?
31.08.04 02:48
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I like the loto idea, but the lottery seems to be more popular since the auctions started... mabey change the lottery draws to twice a week? So payouts are less and more poeple can win more often?

17.5% wow that is alot... I only pay 7% GST on items I buy in real life, other provinces in Canada have PST included with GST, but that is blanced out with other means. (IE: higher minnium wages).

Just because it is in pounds does not mean we need to follow the exact same tax system...

We need a tax system that WORKS for BTP specifically...

Look at how EBAY takes tax from all sales...
31.08.04 04:33
Post #6		Last edited: 31.08.04 04:35 (DJ Canada - 1 times) [Hide Sig (0)] [Profile] [Quote]
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People in europe have to pay 23% more on all subscription fees to MMORPGS. Goddamnit!

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31.08.04 08:47
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17% tax ??? Argh, money here doesn't need to be exaclty like in real world. :P
That's terrible, where does the 17% money go ? Lotto fund ? 17% is really much, most auctions end under 50 ﾃつ｣.

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31.08.04 08:51
Post #8		Last edited: 31.08.04 09:34 (Falkra - 2 times) [My maps] [Hide Sig (4)] [Profile] [Quote]
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Quoted :: DJ Canada

I like the loto idea, but the lottery seems to be more popular since the auctions started... mabey change the lottery draws to twice a week? So payouts are less and more poeple can win more often?
It's only going so well now because the auctions have just started. In a months time the payouts won't be so high.

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31.08.04 09:37
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I think the 17% tax could just kill the auction system, it's too much, the idea of a lotto fund is good, if the tax goes to it, but 10 % would be much enough, in my opinion.

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31.08.04 09:39
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Oh, by the way, since I'm in education I should not be given income tax:P It's against my rights!

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31.08.04 11:13
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god damnit!
i wanted to earn an extra 10% on my winnings!

edit:

i just sold an item i was selling and the pm said this:


Quote:

The auction for the item: 'more gmail!' is now over, The user white_duck bought it for a price of ﾃつ｣5 - due to 17.5% value added tax on winnings you recieve ﾃつ｣4.55


it still says 17.5% tax:P

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31.08.04 11:46
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5 people posted complaining about the 17.5% tax after i'd lowered it to 9%...

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31.08.04 13:40
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do our user tax/income tax affect the income from the auction winnings?

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31.08.04 14:03
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yes, it just uses the default BTP money functions, which do tax automatically.

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31.08.04 14:34
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