Archive for: June 2010

Retailers Prepare for VAT Increase

Photo realistic reflective metallic 'steep slope' sign, to represent 20% VAT announced June 2010. Isolated on a pure white background.
After much speculation, the emergency budget delivered this week by George Osborne was a relief for retailers. Whilst this increase in VAT from 17.5% to 20% will now occur, it will thankfully not to be implemented until the New Year. The fact that the new government has given retailers maximum time to prepare for the change and avoiding the...