My Cart - It’s quite unlikely that you’ve not heard about the governments plans to increase the rate of VAT from 17.5% to 20%. Like most people, you’re probably not too enthused about the prospect as this will increase the price of almost everything, including many essential items that we need to use each day.
Buy your cheap TV before VAT increases to 20%!
However, one category of goods that will be significantly effected by the new rate of taxation are the non essential luxury goods such as large flat screen TVs. Retailers and manufacturers are concerned that the demand for TVs could drop quite significantly when the new VAT rate is put into place as a 2.5% increase in price on a product that could cost somewhere in the region of £600 or £700 already is actually quite a considerable step up in price. Combine this with the fact that almost every other product we buy will become more expensive too leaving us with less disposable income then it seems as though the concerns of electronics retailers are not entirely unfounded.
So, with so many low cost flat panel TVs on the market now might be the best time to buy one before the new VAT rate is put into place next January. There are plenty of TVs from major brands available at great prices so seize this opportunity to buy cheap Samsung TVs whilst the low prices remain low. You’ll end up shelling up plenty more cash come next year so why not treat yourself now, at least you’ll have something to watch in the evenings when you’re trying to save cash by staying in.
