Quote:
Originally Posted by murraypaul
This was announced to everyone's surprised, coming into effect on a Friday. It isn't at all odd that everyone hasn't reacted immediately.
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no, actually, it had been announced long ago, planned for 1st December
then an announcement was made a few days before may 1st, bringing the date forward to then.
Changes to VAT rates and vat exemptions are not unusual.. it has historically been the case that UK govt would announce - in a budget- changes to take effect from midnight same day.. Since VAt began we have had rates of 8, 10, 12.5, 15 and 20 , + zero rated categories + luxury goods tiers for a while also
I don't recall any retailers failing to pass on reductions for e.g. women's sanitary products when the "tampon tax" finally got recalled
Any commercial product pricing package will have parameters for vat rate and vat status which can instantly be amended so as to comply with the law
If UK govt was to announce that due to covid 19, the vat rates on toilet paper, masks, wipes, disinfectants ... would be zero starting tomorrow, all stores would comply, straightaway.
- there'd be no " the price of this toilet roll was set by the manufacturer" nonsense