Retailers absorb VAT hike for a limited time
By Ed Owen, 04 January 2011, 1:00pm
A number of retailers will not pass on the hike in the VAT rate, which rose from 17.5% to 20% at midnight, but this buffer will be temporary and sales will be hit into 2011 according to the British Retail Consortium.
To continue enjoying this article, please sign in below. You can register for free, giving you limited further access to news, or subscribe now for full access to all our content. View our subscription options.
Subscribe now for full access to the Brand Republic Group
(Brand Republic, Campaign, Marketing, Media Week, PRWeek)
Or
- General Manager - Global PR Agency, Prospect Resourcing (Asia) Ltd
- Negotiable, Singapore
- Senior Chinese Copywriter, boutique PR agency | Hong Kong, Firebrand
- , Hong Kong
- Regional Operations Director, social media agency | Hong Kong, Firebrand
- , Hong Kong
- Manager, Internal Communications, Prospect Resourcing (Asia) Ltd
- Negotiable, Hong Kong
News By Email
Marketing Daily News : Preview
