Not even that, when code applied it gives you 2.0833% off not 2.5% as promised!
Where is that 2.5% everyone's quoting coming from?
New prices from 4th Jan - 120% of the price excluding VAT.
Old prices - 117.5% of the price excluding VAT.
117.5/120=97.92
So 2.08% price decrease to get the price before VAT increase.
Somebody wasn't paying attention in secondary school.