DSG International, the parent company of PC World and Currys, told The Guardian it will be passing on the vat rate cut “immediately”. Among other retailers, Marks & Spencer “said it would pass on the full rate cut but had not yet decided how the change will be implemented”. And John Lewis said, “it could cut prices within 24 hours, but was unlikely to be able to adjust all displayed prices by December 1”.
If you’re confused about the tax changes announced yesterday, or about meeting any payments you owe to HM Revenue & Customs, you can get help from its new Business Payment Support Service. For details, visit www.hmrc.gov.uk/pbr2008/business-payment.htm.
Online retailer Car Parts Direct is being ordered by Nottingham County Council to display vat-inclusive prices. But doing so, the business’s owners say, would all but kill their import business, reports The Auto Channel.
Amazon.co.uk once again tops the quarterly Hot Shops List of the top 50 UK eCommerce sites compiled by IMRG/Hitwise-followed once again by Argos, Play.com and Tesco.com. Other multichannel retailers on the list include Marks & Spencer (number five), Next (number seven), John Lewis (number 13), ASOS (number 14), PC World (number 23), Woolworths (number 26), Screwfix Direct (number 31), Littlewoods (number 34), QVC UK (number 39) and M&M Direct (number 50).