Friday 16 January 2009

A local example illustrating VAT nonsense

Reinforcing my strong criticism in previous posts of the temporary cut in VAT rate is an item I heard on BBC Radio Devon this morning. They were interviewing a lady who owns a boutique in Tavistock. She stated that all her stock is for sale at 50% off. No, correction, there are some items where the discount is even greater than this apparently. With reductions of this sort of magnitude the change in VAT is obviously just a pinprick.

I rest my case.

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