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VAT down (UK) : prices down on, well not really…

I wrote an article on Monday about some online stores not reducing their prices in conjunction with the recent VAT reduction in the UK. Original article here >>

Today it seems have reduced their price on one of the mentioned items; that is the Playstation bundle. So if you are planning on buying a PlayStation for Christmas – follow this link – and not the one posted on the original article – £10 cheaper today! :)

The other items mentioned in the original article have yet to see a reduction in price. Surely this is illegal?

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VAT down in the UK but prices seem unchanged on Internet stores

Today is the day that Ireland increase their VAT rate from 21% to 21.5%, while the UK decreases from 17.5% to 15%. Already it seems that some of the popular online stores, feel it’s not necessary to pass on the new savings to it’s customers.

In fairness to these stores, most of the items I have been looking at are sale or special offer items. Here’s a few of my observations.

  1. PS3 80GB bundle from : Last week £299.99 – Today £299.99
  2. Asus Eee PC 901 XP from : Last week £279.99 – Today £279.99
  3. LG W2234S 22″ TFT Monitor from Tesco Direct : Last week £119 – Today £119

Generally across the site, prices seem slightly cheaper and in-line with the reduction, but I can’t confirm this.

In Ireland, the rip-off culture seems to have shone through again. From a quick glance, it looks as those most Irish sites have passed on the miserly %0.5 VAT increase to it’s customers rather than trying to absorb the tiny increase.

Initially it seems, most online retailers seem to be taking advantage of the decrease or increase.

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