Stamps

sue149

hi the price of a first class stamp as gone up to 46p from 41p but the local shop as put theres up to 49p and they are the old stamps are they allowed to do this

gillyjelly

Quite simply, no!
If you were to inform Royal Mail, they would probably have their 'licence/contract' to sell stamps taken away from them.

kurgon

Yes they can - local shops can buy them wholesale and resell them.
As for being the 'old' stamps, they now carry the new value. I haven't seen if there is a latest release but in the last price increase the stamps did not change.
And finally, not really a grabbit?

metoyoubear

When i complained to RM about a similar thing they told me they weren't allowed to,as far as i can recall a shop can sell them cheaper but not more expensive than the "set" price.

RM told me they would look into it.

gillyjelly

metoyoubear wrote: »

as far as i can recall a shop can sell them cheaper but not more expensive than the "set" price.
.

That's correct

williham

kurgon wrote: »

Yes they can - local shops can buy them wholesale and resell them.
As for being the 'old' stamps, they now carry the new value. I haven't seen if there is a latest release but in the last price increase the stamps did not change.
And finally, not really a grabbit?

They can buy them wholesale but have to resell them at or below their face value.

moonshine

sue149 wrote: »

hi the price of a first class stamp as gone up to 46p from 41p but the local shop as put theres up to 49p and they are the old stamps are they allowed to do this

I'd be reporting them to Royal Mail ASAP as they aren't allowed to do that.

Mike_J

HMRC rules on the sale of postage stamps is that if you sell them at face or below face value then no VAT is due. If you sell them at above face value then VAT is due on the excess amount. This would indicate that in the opinion of HM Treasury it is legal.

Shops and retailers used to have to enter into agreements with the post office including term that the stamps would not be sold at a profit. HOWEVER shops can now buy stamps wholesale, even directly from the post office, without entering into such and agreement.

metoyoubear

Mike_J wrote: »

HMRC rules on the sale of postage stamps is that if you sell them at face or below face value then no VAT is due. If you sell them at above face value then VAT is due on the excess amount. This would indicate that in the opinion of HM Treasury it is legal.

Shops and retailers used to have to enter into agreements with the post office including term that the stamps would not be sold at a profit. HOWEVER shops can now buy stamps wholesale, even directly from the post office, without entering into such and agreement.

How long has that been since?

As i say i reported a shop to them last year and they said they would look into it as they said they weren't allowed to do that,is what you typed above a recent change?