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What Will Things Cost After The Vat Rate Change?

With the VAT Rate changing from 17.5% to 15%, suppliers are supposed to pass on the reduced VAT rate to you, the consumer on all standard VAT goods. So how much should things cost now? Full rate 17.5% VAT items thought to be changing to 15% *Ford Mondeo Current price: £15,995; new price: £15,175.26 Saving: £819.74 *Big Mac meal Current price: £3.79; new price: £3.60 Saving: 19p Article Continues Below:

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Price Cuts    Tesco    Criticisms    Tax    Business    consumers    VAT Rate Change    Government    vat rate    Prices