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VAT returns to 17.5 per cent - What does it really mean?

Few retailers would claim that the past year has been easy; consumers are concerned about their own finances and there has been a marked shift from retail spending to using ‘discretionary’ funds to clear debts and to put aside some savings. Has the VAT rate reduction helped keep consumer spending at least a little more buoyant?

However you regard it, VAT is a fact of life and you, the retailer, are at the sharp end.  VAT can significantly impact your cashflow, margin and pricing structure, and at a macro level impacts the future health of the economy.

Please click here to download a copy of our latest report, which evaluates the potential impact of the VAT change.

For more information please contact Don Williams, Head of Retail and Wholesale, or contact your local BDO advisor.

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