Hey Buzzy,
The reason why you're billed $118.80 as shown here:
http://take.ms/J0aN1V is because UK is subjected to 20% VAT, however if you're purchasing for a company, you will be exempted from VAT as long as you're able provide our merchant with your company's VAT ID.
You may refer here about VAT collection:
http://www.fastspring.com/vat