Fashion
Retailers to pay extra £35 million in re-labelling
With the new year, a VAT rise will arrive to the UK. On the 4th January 2011 VAT will rise from 17.5 per cent to 20 per cent, following the Coalition Government’s emergency Budget in June 2010.As well as for the rest of the tax-payers, this increment will have consequences for retailers, which will face extra costs up to £35 million just for the...
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