What expenses should I input into the BMO Cashback World Elite Mastercard calculator to accurately estimate my annual cashback? #452
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How does the BMO Cashback World Elite Mastercard calculator compare the potential savings with other cashback cards on the market?
To accurately estimate your annual cashback with the BMO Cashback World Elite Mastercard calculator, input expenses such as groceries, gas, dining, and other eligible purchases. These categories typically yield cashback rewards based on your spending habits and the card's reward structure.
VAT in the UK is designed with flexibility to accommodate different economic sectors and social objectives. The standard rate of 20% applies to most goods and services, but there are reduced rates of 5% for certain essentials like home energy and renovations, and 0% for items like most food and children's clothing. Additionally, some goods and services are exempt from VAT altogether, such as financial services, healthcare, and education https://vatcalculatorsuk.co.uk/. These variations in VAT rates and exemptions are intended to support specific policy objectives, such as promoting access to essential goods and services or incentivizing certain industries.