VAT increase 1st January 2010
Gordon Brown, in his wisdom, reduced the VAT rate to help us out of the dreaded ‘credit crunch’ (yes we’re bored of that phrase now too!) and so we saw in some items a decrease in price during 2009, great I hear you say! Well it was a nice thing at the time and we’ve been benefiting from the decrease with our retail spending but this is all about to change. As of the 1st of January 2010 the Vat will go back up to 17.5% which means the cost of the stock will also increase, most obviously the gun prices. So don’t be surprised in January if some of the prices has gone up a bit, you can thank Gordon Brown.
The other way of looking at this of course is that stock will be cheaper before New Year, so why not pop in and see us and maybe even save some money!
If you’d like to find out more about how the VAT rate could affect you please visit: www.hmrc.gov.uk
