Will Argos be lowering their VAT?

GentleGiant_2

Many high street stores are already lowing their prices to reflect the lower VAT, but can't find anything on the Argos site.

Anyone heard anything?

zenseeker

They have to by law, but not until Monday.

cloud9

They have to by law, but not until Monday.

they might lower vat but they don't have to lower there prices

GentleGiant_2

I already know of one company who is not lowering their prices! So in other words offer prices will actually go up for companies who deal with them and can claim back the VAT.

Colliefrog

They are lowering their prices on Monday. I'm sure I read on the intranet that prices won't change on the website, but will be reduced in the basket if that makes sense?

squidworth

Smaller companies may take a few days to be to update their systems, bigger companies (and Amazon Marketplace traders) may have to wait whilst the systems upload the new rates so expect delays there for a bit.

Yes the VAT reduction is law, however sometimes the final retail price may be contractularly set for whatever reason and the retailer may not be able to simply reduce the end price without renegotiating.

And dont forget the reduction is 2.13 pence in the pound and not 2.5p as the darn tv kept incorrectly telling people last weekend!!!

So please dont blame the retailers, any delay is not always their fault (its only a week since it was announced)

Groovygirl

They have already taken VAT off items today.

chris3349

zenseeker wrote: »

They have to by law, but not until Monday.

Dont think this is right if so what about pound land (soon to be 97.8p lol)

chris3349

cloud9 wrote: »

they might lower vat but they don't have to lower there prices

I agree some companys will just use the money saved to offer extra deals

LittleMissRolo

They have taken the VAT off today

Remember it only works out at 2.1% or something like that, not the full 2.5%

GentleGiant_2

not on the product I am waiting to buy Will wait until tomorrow.