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Shoe Repairer Forum

January 2010 - VAT increase


How did you handle the VAT changes  

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To be honest, for a reduction of 25p in the VAT on every £10, it simply wasn't worth me going through all my stock & repricing everything. I don't think anybody noticed that I hadn't taken 3p off packs of laces, for example, and if they did, it wasn't mentioned.

If it is perceived that I gained extra takings that I shouldn't, I'd point out that some of my repair materials went up in price by 40% over the previous 12 months & I certainly didn't put up my prices by that much.

I don't think the worldwide price of brass (and therefore key blanks) was that stable either... to mention just two items.

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