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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Lifting the spirits

I were to sum up alcohol sales over Christmas 2017 in one word, it would be “gin”. At Nielsen, we define the Christmas period as the 12 weeks to December 30 and in that time gin sales were £199.4 million, which means they increased by £55.4 million compared with Christmas 2016. There’s no sign the bubble is about to burst either. Growth at Christmas 2016 was £22.4 million, so gin has increased its value growth nearly two-and-a-half times in a year. The spirit added more value to
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