Tags Tagged With Price Cuts
A Better Deal For Who? Companies And Stores Taking Advantage Of The Vat Rate Change
The idea behind the UK VAT rate change was to increase consumer spending by lowing prices on goods, thus letting their money go further. However, it would appear that this is not the case across the board. Legally, the government cannot force companies to reduce their prices. Many companies have kept their prices the same, and are simply pocketing the 2.5% difference caused by the VAT rate change, leaving consumers angry and worse off. Perhaps most shockingly, councils are not p
How To Deal With The Vat Rate Change - Tips For Businesses
With the VAT rate change coming in on the first of December, companies across the country are scrambling to be ready in time. Here we go though some tips for companies trying to deal with the upcoming VAT rate change. Companies that do not identify VAT on customer receipts can continue to work as they did before. As a company, you do not have to reduce your prices. Of course, the government is trying to get business to pass the savings on to customers, however, there is nothing t
Make The Most Of The Vat Rate Change - Whos Offering The Price Cut?
As we have covered in previous posts, there are many companies that have decided against offering the 2.5% VAT Rate Cut to it's customers. While 2.5% may not be a whole lot, the goverment was offering this VAT Rate Change to try and do something for the consumers, therefore it is only right that you get in on the act! Here, we are listing some of the stores, websites and companies that are passing on the cut in VAT to it's customers. If you want to be added to this list, please post a comment
Should The Republic Of Ireland Reduce Vat?
News is emerging that concerned border towns in Ireland are calling for Finance minister Brian Lenihan to cut VAT by 6% from 21% to 15% in line with the UK's announced VAT rate change. Irish towns that border with the UK run the risk of shoppers deciding to take advantage of the strong exchange rate and the lower VAT rate in the UK and doing their christmas shopping across the border. Lenihan has admitted that the large numbers of Republican shoppers travelling north to shop in N
Vat Rate Change Comes Early
In a bid to attract customers over the weekend, some of the largest companies in the UK are offering 'VAT rate cut' prices already, and many more will be doing the same in the days leading up to the official rate change. Currys, PC World and Dixons started passing the cut on as soon as it was announced, in a bid to attract more customers to their stores and websites. A spokesman for the parent company said: "We felt it was right thing to do, even though it was complicated. We al