Government proposes extra time for price changes after VAT reversion
The Government has launched a consultation on extending the 14-day deadline for retailers to change their prices after the VAT reversion.
The Department for Business, Innovation and Skills (BIS) proposes amending the Price Marking Order 2004, to extend the deadline to 28 days, which would allow traders to display a general notice related to prices and give them more time to change price tickets and labels for goods. The standard rate of VAT is due to revert to 17.5% from 15% on 1 January 2010. The consultation is open to both individuals and organisations and responses must be submitted by 23 November 2009.
For more on this story go to:
http://www.berr.gov.uk/consultations/page53298.html





