Quote:
Originally Posted by Pajamaman
I'm sure the retail price change would be "automatic" if the government increased VAT.
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I am sure they would also
This is the part relating to what we are talking about, the first option is the one the publisher has selected for the book we are talking about
Retailers, who normally show VAT inclusive prices on price tags, will have two choices:
to leave prices at the pre-VAT reduction levels – this will increase their profits on items sold
or
reduce their prices – thereby passing on the VAT reduction to their customers.
https://totalaccounting.co.uk/what-h...s-are-changed/