Good news for shoppers in 2012 as top stores Aldi, Lidl, Marks & Spencer and Tesco have announced that they will not ask customers to pay the new top rate VAT of 23%.
The rate hike, 23% from 21%, was announced by finance minister michael Noonan in last weeks budget.
Tesco have said that it will not pass on the new rate to food or clothing, but the 23% rate will apply to non-food groceries such as household goods.
Top Stores Refuse VAT Hike.
Fri 16th December 2011
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