Wednesday, 5 January 2011

VAT Rise Non-News

The good news this January is that printed music and books are completely unaffected by the rise in VAT - because they've always been Zero-rated for VAT. It always surprises me how few of the general public realise that. There isn't VAT on fresh food either.

Lots of our products are not increasing in price- in particular Naxos CDs - still great value at £5-99. Inevitably a few of our suppliers have taken the opportunity to issue new price lists, incorporating the new VAT rate, but on the whole the effect on our prices will be barely noticeable. Not really surprising, as the amount of the increase is only one forty-seventh of the original price. Perhaps it's not such a big deal after all.....

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