73% of UK stores absorb cost of GST
4 posters
Page 1 of 1
73% of UK stores absorb cost of GST
Three quarters of UK retailers in Jersey are absorbing G.S.T.
A government survey has found that seventy three percent of UK shops in the island's town centre are NOT passing the three percent tax on to their local customers.
This includes Woolworths, Next, BHS, WH Smith and Top Shop.
Many of the twenty six UK retailers surveyed don't take V.A.T off local prices.
Consumers have expressed concern that the chains shouldn't be charging UK prices in Jersey.
But the Economic Development department say if these companies are now absorbing the Goods and Services tax it is a step in the right direction.
The department will carry on monitoring prices following the introduction of GST just over a week a ago. (from CIonline)
Proves how much the Uk stores have been ripping of the locals
A government survey has found that seventy three percent of UK shops in the island's town centre are NOT passing the three percent tax on to their local customers.
This includes Woolworths, Next, BHS, WH Smith and Top Shop.
Many of the twenty six UK retailers surveyed don't take V.A.T off local prices.
Consumers have expressed concern that the chains shouldn't be charging UK prices in Jersey.
But the Economic Development department say if these companies are now absorbing the Goods and Services tax it is a step in the right direction.
The department will carry on monitoring prices following the introduction of GST just over a week a ago. (from CIonline)
Proves how much the Uk stores have been ripping of the locals
Re: 73% of UK stores absorb cost of GST
We have been robbed by these stores for years, no wonder the internet does so well
Pegasus-
Number of posts : 178
Location : Jersey
Registration date : 2008-03-12
Re: 73% of UK stores absorb cost of GST
GD wrote:...
Consumers have expressed concern that the chains shouldn't be charging UK prices in Jersey.
...Proves how much the Uk stores have been ripping of the locals
Smoke and mirrors.
The prices charged in local stores, whether owned locally or by international groups, have never been 'UK prices', they've always been local prices. No local retailer is charging VAT, as is often accused.
The prices they charge are down to them, and whether or not a customer chooses to pay the price goods are offered at is down to each customer.
Go compare the same item in shops around St Helier, you'll find huge price differences that can't be attributed to VAT. Shop around the UK and prices will differ from store to store too.
It'd be funny if it wasn't so sad that so many people don't understand basic retail economics, don't understand GST and yet still spout of angrily at the government because of their miss-understandings.
Troy McClure-
Number of posts : 604
Location : Jersey
Registration date : 2008-05-21
Re: 73% of UK stores absorb cost of GST
of course local stores are charging vat.the same applies here in guernsey.in fact m&s charge the vat on sweets and chocolate as well as the extra 5% they add on.evans used to deduct 10% but no longer do so.it is greed imo as the vat goes straight into the pocket of the retailer.
Thistle-
Number of posts : 10987
Location : guernsey
Job/hobbies : housewife,mother,gardener,
Humor : sometimes
Registration date : 2008-03-07
Re: 73% of UK stores absorb cost of GST
No they're not. If you believe M&S pass 17.5% of their sales to HMR&C then I'm willing to bet you they don't, what proof do you have?thistle wrote:of course local stores are charging vat....
If you think they're overcharging you then don't shop there, that's how markets work.
Living on an island, or any small economy, then you have to accept that the pricing within that economy are not going to be identical to those in much larger economies.
Remember M&S is NOT there to provide you with clothing, it's there to make profit for the shareholders, and they doing that by charging their customers the highest price the market will bare.
Troy McClure-
Number of posts : 604
Location : Jersey
Registration date : 2008-05-21
Re: 73% of UK stores absorb cost of GST
Troy McClure wrote:[
Living on an island, or any small economy, then you have to accept that the pricing within that economy are not going to be identical to those in much larger economies.
Yeah right so you saying it is right to charge uk inclusive vat prices with the excuse that "We live on an Island" I don't think so, "Go compare the same item in shops around St Helier, you'll find huge price differences that can't be attributed to VAT. Shop around the UK and prices will differ from store to store too "or are you saying that shops don't charge VAT its not a done thing, B***ocks
Pegasus-
Number of posts : 178
Location : Jersey
Registration date : 2008-03-12
Re: 73% of UK stores absorb cost of GST
nope not saying they pass the 17.5 % on to HMR&C.THE COMPANIES POCKET THE 17.5 % THAT THEY ARE OVERCHARGING US.
Thistle-
Number of posts : 10987
Location : guernsey
Job/hobbies : housewife,mother,gardener,
Humor : sometimes
Registration date : 2008-03-07
Re: 73% of UK stores absorb cost of GST
I'm saying it's down to the retailer to set his prices. If he sets them higher than you'd like you shop elsewhere and the market will force him out of business or to lower his prices.Pegasus wrote:
Yeah right so you saying it is right to charge uk inclusive vat prices with the excuse that "We live on an Island" I don't think so,
Sorry, but I don't understand this sentence? but I'll say again, that no local shops charge VAT. VAT is a UK government tax, they've no reason or need to charge it, and I'll guarantee that no local shop passes any portion of their sales to the collector of VAT: Therefore they don't charge VAT.Pegasus wrote:...or are you saying that shops don't charge VAT its not a done thing, B***ocks
What some people seem to get confused by is the fact that some stores with a presence in both the UK and CIs seem to charge the same price in both territories, but as I've said, that is market forces.
You talk about being overcharged, nobody is forcing you to shop at any particular store, so it's your choice to accept or not the offers being made.
Troy McClure-
Number of posts : 604
Location : Jersey
Registration date : 2008-05-21
Similar topics
» robbery dolphin stores
» Robbery at Dolphin Stores
» M&S to shut 27 stores and cut 1,230 jobs
» Iceland on way to Manor Stores
» Barratts and PriceLess closes stores
» Robbery at Dolphin Stores
» M&S to shut 27 stores and cut 1,230 jobs
» Iceland on way to Manor Stores
» Barratts and PriceLess closes stores
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|