Stores granted VAT extension

08 January, 2010

Retailers have been given four weeks instead of two to update price labels in stores after the VAT rate changed on January 1.

The British Retail Consortium welcomed the government’s decision to give retailers longer to change shelf and product labels after the return of the standard rate of VAT to 17.5%.

BRC director general Stephen Robertson said: “Retailers will be doing all they can to minimise any customer confusion by relabelling quickly.

“However, they now have the option of leaving the job until later in January when shopper numbers are lower and staff are under less pressure.”??




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Richard Hemming MW asks: what’s the next step for indies?

In the not-too-distant future, when all humans are born with inbuilt VR headsets and Trump is Supreme Commander of the Known Universe, how will students of wine look back on the present era of retail in the UK? And, in such a dystopian world, why would anyone care?

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