Friday, December 24, 2010

Value Added Tax set to increase in UK

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The Value Added Tax (VAT)  is set to increase in UK from 17.5% to 20% as of January 4. The increase in tax is likely to induce higher demand for retail because consumers will try to beta the tax by purchasing before January 4. This bodes well for retailers, at least in the short run.

http://www.bbc.co.uk/news/business-12071683

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