Retailer denies Christmas shoppers the opportunity to take advantage of the
2.5% reduction in VAT
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Debenham's won't be introducing the newly imposed 15% VAT rate until next
week when the store's pre-Christmas sale is due to end.
Chancellor Alistair Darling announced the standard rate of VAT would drop
from 17.5% to 15% as part of the pre-Budget report last week, and it's estimated
Debenham's stance will cost customers £1m, according to
dailymail.co.uk
Marks & Spencer, Bhs, New Look, Topshop, Next and Miss Selfridge have all
formally announced they would be passing on the VAT reduction.
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