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Thread: It should look something like this

  1. #301

  2. #302
    Administrator swanbourne's Avatar
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    Eddie
    Whole chunks of my life come under the heading "it seemed like a good idea at the time".

  3. #303
    Grand Master WORKSIMON's Avatar
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    That's it lad's, just got the timefactors email through for the pre-order link ......

    www.timefactors.com/voyager/pre-order.html
    Cheers

    Simon



    Ralph Waldo Emerson: We ask for long life, but 'tis deep life, or noble moments that signify. Let the measure of time be spiritual, not mechanical.

  4. #304
    Quote Originally Posted by WORKSIMON View Post
    That's it lad's, just got the timefactors email through for the pre-order link ......

    www.timefactors.com/voyager/pre-order.html
    You too ;)
    It's just a matter of time...

  5. #305
    Grand Master 100thmonkey's Avatar
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    The original Dreadnought was £450 so with inflation thats circa £625 today, the Dreadnought GMT add a complication so I guess around £800 which judging by the interest on here means Eddie should have £79,200 in his bank account within 48 hours of release if everyone puts their money where their mouth is!
    "When You Go Home, Tell Them Of Us And Say,
    For Their Tomorrow, We Gave Our Today"

  6. #306
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    Quote Originally Posted by WORKSIMON View Post
    That's it lad's, just got the timefactors email through for the pre-order link ......

    www.timefactors.com/voyager/pre-order.html
    Excellent ;)

    Actually, as usual I've shot my bolt early and picked up something from SC that I've fancied for a long time so I'll be happy to sit back with my and watch the fun begin.

  7. #307
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    I have joined the forum just to request a reservation of that watch!!

  8. #308
    Journeyman Ray's Avatar
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    Quote Originally Posted by Chance View Post
    I have joined the forum just to request a reservation of that watch!!
    Opportunist!

  9. #309
    Looks like i'm about 215 comments too late, but definitely interested :o)

  10. #310
    Grand Master markrlondon's Avatar
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    Quote Originally Posted by Chance View Post
    I have joined the forum just to request a reservation of that watch!!
    Welcome!

    However, despite the ever-desperate feeding frenzy, there are no reservations. :-)

  11. #311
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    Fair enough! I guess it will be a case of monitoring the TimeFactors website!!! Opportunist poster, but major lurker!

  12. #312
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    Quote Originally Posted by 100thmonkey View Post
    The original Dreadnought was £450 so with inflation thats circa £625 today, the Dreadnought GMT add a complication so I guess around £800 which judging by the interest on here means Eddie should have £79,200 in his bank account within 48 hours of release if everyone puts their money where their mouth is!
    I read this thread on WUS:

    http://forums.watchuseek.com/f74/pre...ml#post4925906

    Post 5 states that Eddie doesn't charge VAT on his watches, presumably this is because his turnover is less than the £77,000 VAT threshold. This forthcoming Dreadnought sale could blow that out the water (excuse the pun!), does this mean that post Dreadnought, we'll have to start paying VAT on Timefactor watches? I'm not an Accountant so if I'm wide of the mark, please excuse my ignorance.

  13. #313
    Master Reeny's Avatar
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    From my Timefactors receipt = VAT REG: 763 XXXX 11
    Someone is telling porkies / or they are buying from somewhere outside of the UK where VAT does not apply.

    The final price would be the same anyway.
    UK Vat on a finished product is offset by the vat content of the raw material prices.
    So the final costs are the same, regardless of how the account divvies up the numbers.
    Last edited by Reeny; 10th January 2013 at 13:13.

  14. #314
    Quote Originally Posted by WORKSIMON View Post
    That's it lad's, just got the timefactors email through for the pre-order link ......

    www.timefactors.com/voyager/pre-order.html
    Brilliant!

  15. #315
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    Well, it's probalby too late, but if number 17 is still available, I'd like to have one :D

  16. #316
    Craftsman
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    I also want to be in with any number.

    Thanks

  17. #317
    Here's a thought.

    Dreadnought GMT Release Day - will the current record tumble?

    There are currently 580 users online. 302 members and 278 guests
    Most users ever online was 1,160, 12th November 2012 at 19:15.

    Martin.

  18. #318
    Shouldn't the question be, is there enough server capacity to cope with demand ;) Let's hope so or it could get messy...

  19. #319

    sure...happy to...

    Count me in for one if there are any remaining spots. Any number will do! Happy for all those who got in on the melee.

  20. #320
    Quote Originally Posted by Mean_Go_Getter View Post
    Here's a thought.

    Dreadnought GMT Release Day - will the current record tumble?

    There are currently 580 users online. 302 members and 278 guests
    Most users ever online was 1,160, 12th November 2012 at 19:15.

    Martin.
    Slightly random question....Anyone have any idea what (if anything) was going on at 19:15 on the 12th November 2012 to generate the most ever users online?

    Andy

  21. #321
    Grand Master Raffe's Avatar
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    Quote Originally Posted by AndyR View Post
    Slightly random question....Anyone have any idea what (if anything) was going on at 19:15 on the 12th November 2012 to generate the most ever users online?

    Andy

    http://www.bbc.co.uk/news/in-pictures-20294970

    This is just the highest attendance since the forum moved to a new software (16 July 2012), probably not a very relevant number due to the short time period.

  22. #322
    Grand Master Carlton-Browne's Avatar
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    Actually you're wrong there. It's because of this; the BBC subsequently had to Photoshop Alexaff out of the picture for legal reasons.

    Die Zeit verwandelt uns nicht, sie entfaltet uns nur.

  23. #323
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    How many people have joined this thread without reading it and requested a number!?
    If I was Eddie I'd put half on the website and the other half on ebay. Everyone else made money off his back on the original Dreadnought so I think he should stand a chance to make a bit more this time; it is a business afterall.

  24. #324
    Master Ron Jr's Avatar
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    Quote Originally Posted by MrBanks View Post
    How many people have joined this thread without reading it and requested a number!?
    If I was Eddie I'd put half on the website and the other half on ebay. Everyone else made money off his back on the original Dreadnought so I think he should stand a chance to make a bit more this time; it is a business afterall.
    I did not make money off the DN I purchased from Eddie, it is sitting in my safe nice and secure. I have been waiting 10 years for the DN GMT (shame the bullhead chrono idea got canned).

  25. #325
    Master
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    Not posting to ask for one, just to chip in on the design.

    Looks absolutely fantastic.

    To be honest probably a little chunky for my wrists, but I'll be interested to see a few wrist shots on any puny buyers lucky enough to get one!

  26. #326
    Members might like to cast their gaze over (be reminded of) these stunning shots of the PRS-2 taken by Ming Thein who's a member, although not recently active of TZ-UK and a professional photographer of much skill. His flickr stream is testimony to that but of course it does help to have something attractive to shoot.






  27. #327
    Master Nalu's Avatar
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    Sadly, we may not be seeing any DN-GMT photos from Ming.

  28. #328
    Quote Originally Posted by Nalu View Post
    Sadly, we may not be seeing any DN-GMT photos from Ming.
    Indeed - I do enjoy his blog. Given he spent a fair amount of time in the past on this forum, its a real shame he is still not active here.

  29. #329
    Quote Originally Posted by Raffe View Post
    http://www.bbc.co.uk/news/in-pictures-20294970

    This is just the highest attendance since the forum moved to a new software (16 July 2012), probably not a very relevant number due to the short time period.
    Thanks Raffe. I'd not twigged that the stats history from the old forum software would be lost.

    Andy

  30. #330
    Grand Master GraniteQuarry's Avatar
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    Quote Originally Posted by dkpw View Post

    #118, I believe the first DN delivered.

    Been around the world in a few hands since Ming, now residing in Castle GQ!

  31. #331
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    My first post here....

    I missed one and kicked myself ever since...... I will be watching and waiting cash in hand. I have not been excited about anything watch realted for about 2 years.... thanks for renewing my spark (or spring) much to my wifes shugrin!

  32. #332
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    Quote Originally Posted by ROBANNENAGY View Post
    Post 5 states that Eddie doesn't charge VAT on his watches, presumably this is because his turnover is less than the £77,000 VAT threshold. This forthcoming Dreadnought sale could blow that out the water (excuse the pun!), does this mean that post Dreadnought, we'll have to start paying VAT on Timefactor watches? I'm not an Accountant so if I'm wide of the mark, please excuse my ignorance.
    You've gone from repeating something read on the internet, to assuming it's true. The answer you'll be pleased to hear is no - VAT is included for UK (and EU customs area) sales, as you'll find pointed out on the "Policies" part of the internet. The person on WUS was wrong, if it was intended to be a blanket statement.
    The final price would be the same anyway.
    UK Vat on a finished product is offset by the vat content of the raw material prices.
    So the final costs are the same, regardless of how the account divvies up the numbers.
    Que? The final price is different if you apply VAT, or don't apply it. UK VAT is collected by the seller, who remits it to the government. The difference is, most business inputs on which the seller pays VAT can have the VAT component claimed back, and VAT on the raw material ends up being offset against the VAT owed from the sale. The idea is that the value added at each step of the process is taxed; the clue being in the name ;). The end consumer pays all the VAT to the government and cannot claim it back. If that person is outside the EU customs area, no VAT is charged and the seller remits no VAT for that sale to the government.
    ...but what do I know; I don't even like watches!

  33. #333
    Grand Master markrlondon's Avatar
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    Quote Originally Posted by andrew View Post
    The final price would be the same anyway.
    UK Vat on a finished product is offset by the vat content of the raw material prices.
    So the final costs are the same, regardless of how the account divvies up the numbers.
    Que? The final price is different if you apply VAT, or don't apply it.
    I know what ROBANNENAGY means with this and he is roughly correct in practice, when selling to consumers. Here is why:

    Scenario 1:- I am a VAT-registered business and buy products from other VAT-registered vendors and resell them. Clearly I claim back the VAT on purchases and add VAT to sales and claim/submit the difference to/from the government. An example:

    My buy price before VAT: £100
    Input VAT on buy price @20%: £20
    Gross paid by me before VAT reclaim: £120
    Net paid by me after VAT reclaim: £100

    Intended markup: £20

    My sale price before VAT: £120
    Output VAT on sale price @20%: £24
    Gross paid to me before VAT submission: £144
    Net paid to me after VAT submission: £120

    What did the customer pay in net terms from their perspective:
    £120 if the customer was VAT-registered
    £144 if the customer was not VAT-registered



    Scenario 2:- I am a non-VAT-registered business and buy products from VAT-registered vendors and resell then. I do not (cannot) claim back VAT on my purchases and do not (cannot) add VAT to my sales. An example:

    My buy price including VAT @20%: £120
    Total paid by me: £120

    Intended markup: £20

    My sale price (no VAT): £140
    Total paid to me: £140

    What did the customer pay in net terms from their perspective:
    £140 if the customer was VAT-registered
    £140 if the customer was not VAT-registered



    Clearly the sale price is about the same in both scenarios for a non-VAT-registered customer regardless of whether their vendor, the trader in these scenarios, is VAT-registered or not; indeed, they might do better to deal with a non-VAT-registered vendor on this theoretical markup basis. For VAT-registered customers, however, it makes much more financial sense to do business with VAT-registered vendors in these scenarios.

    The situation is different again where the trader is selling physical services of him/herself or employees (rather than resold physical goods) since these have no input VAT. In this scenario, it is better by far for the trader to be non-VAT-registered when selling mostly to consumers as his prices will be lower, from the consumer's point of view, than they could otherwise be if he was VAT-registered. It makes no difference (other than in cash flow terms and possibly confidence terms) to VAT-registered customers, however.

    I can tell you from experience that these are actually far from theoretical scenarios. :-)

    Anyway, back to the point: As you say, Eddie should be charging VAT @20% on sales to EU customers[1] and should be charging no VAT to all non-EU customers. I've never actually bought anything direct from Timefactors (sorry, soon to be remedied I hope!) but I presume that the prices shown on the Timefactors site include VAT (since it is a site directed mostly to non-VAT-registered consumers). That being so, the price a non-EU customer pays for a product from Timefactors should be discounted by 16.67% compared to the price shown on the website to account for the VAT @20% included in the price shown.


    Footnote:-
    1: Unless purchasers in non-UK EU countries can supply him with a valid EU VAT registration number at time of purchase, in which case he should sell without VAT as the purchaser should then account for input VAT on his own VAT return at the time of import into his own country.
    Last edited by markrlondon; 29th January 2013 at 17:01. Reason: Fixed typos

  34. #334

  35. #335
    Master Reeny's Avatar
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    Quote Originally Posted by andrew View Post
    Que? The final price is different if you apply VAT, or don't apply it. UK VAT is collected by the seller, who remits it to the government...............
    ..................................... The end consumer pays all the VAT to the government and cannot claim it back.
    Thanks for that.
    I've been a none VAT registered consultancy business for over 8-years now, and never once charged VAT, or reclaimed VAT.
    Apparently I must have been doing it wrong all that time.
    I'll let my accountant know.

    Eddie has the price listed on the Timefactors website.
    For UK customers the price doesn't change.
    It is what it is.

  36. #336
    Grand Master markrlondon's Avatar
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    Quote Originally Posted by simonrah View Post
    Actually I note that one thing it doesn't specify is whether or not the prices shown on the Timefactors site include VAT, which might be helpful for the purposes of doubt avoidance.

    As I mentioned in my earlier message, the prices shown on the site should include VAT @20% since the site is primarily directed at non-VAT-registered consumers.

  37. #337
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    The prices on the website do include VAT.

  38. #338
    Grand Master markrlondon's Avatar
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    Quote Originally Posted by simonrah View Post
    The prices on the website do include VAT.
    Cool.
    10chars

  39. #339
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    Quote Originally Posted by simonrah View Post
    The prices on the website do include VAT.
    So presumably if you are ordering from outside the EU and you then go to 'checkout' for your chosen item, the checkout automatically deducts 20% from the listed price shown in GBP, at which point VAT becomes your responsibility at your national rate collected through the delivery duties.

  40. #340
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    If you have concerns over the VAT/Tax situation, the easiest thing to do would be to contact Timefactors before you place your order.
    http://www.timefactors.com/contact.htm

  41. #341
    Grand Master markrlondon's Avatar
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    Quote Originally Posted by ROBANNENAGY View Post
    So presumably if you are ordering from outside the EU and you then go to 'checkout' for your chosen item, the checkout automatically deducts 20% from the listed price shown in GBP, at which point VAT becomes your responsibility at your national rate collected through the delivery duties.
    That is effectively what I presume should happen (note, as mentioned above, I've never tested it to completion). Also it doesn't matter if it's not automatic, as long as the calculation is done at some stage. Note also that the reduction/discount from the price shown on the website should be 16.67% (not 20%) to correctly account for removal of included VAT which was added at 20%.

  42. #342
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    Quote Originally Posted by ROBANNENAGY View Post
    So presumably if you are ordering from outside the EU and you then go to 'checkout' for your chosen item, the checkout automatically deducts 20% from the listed price shown in GBP, at which point VAT becomes your responsibility at your national rate collected through the delivery duties.
    That's correct (although it's actually a 16.67% reduction, as mark says).
    ...but what do I know; I don't even like watches!

  43. #343
    Quote Originally Posted by GraniteQuarry View Post
    #118, I believe the first DN delivered.

    Been around the world in a few hands since Ming, now residing in Castle GQ!
    Respect!

  44. #344
    Craftsman
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    I've just realised that I know exactly when this is getting released. Between the dates of 23rd March to 1st April. How do I know this?
    I'll be on holiday with very limited or no internet access.
    I am the unluckiest watch buyer ever.

  45. #345
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    Quote Originally Posted by GuyIncognito View Post
    I am the unluckiest watch buyer ever.
    We might send you a Picture from a proud owner ;)

  46. #346
    Master Tokyo Tokei's Avatar
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    Quote Originally Posted by ROBANNENAGY View Post
    So presumably if you are ordering from outside the EU and you then go to 'checkout' for your chosen item, the checkout automatically deducts 20% from the listed price shown in GBP
    It doesn't. Trust me, I asked about it too. I pay the full price UK buyers pay, then I pay Japanese taxes on top :-(

    Paul

  47. #347
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    Quote Originally Posted by Tokyo Tokei View Post
    It doesn't. Trust me, I asked about it too. I pay the full price UK buyers pay, then I pay Japanese taxes on top :-(

    Paul
    Outside the EU, you shouldn't get charged VAT. Maybe a problem with the payment software?

  48. #348
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    Signed up to the forum as aresult of this watch, have grown quite fond of the Dreadnought and taken my eyes off of other watches in anticipation.

  49. #349
    Apprentice
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    looking nice

  50. #350
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    Can I have number 69 please?

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