Chancellor blasts ‘unacceptable’ practice that sees some stores preserve 50p in every £1 of VAT discounts,without passing them on The government is launching a review into airport retail taxes after revealing that shops are ripping off travellers by failing to pass on up to 50% of their VAT savings to customers.
George Osborne described the practice as unacceptable, as he highlighted research by HMRC showing that some stores are keeping as much as 50p in every 1 of their VAT discounts without passing them on. Continue reading...
Source: theguardian.com