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Wednesday, December 03, 2008

Waiting for a QPR Response to The VAT Reduction

As of December 1, 2008 VAT was reduced from 17 ½% to 15%. Numerous clubs have announced a reduction in ticket prices - or other forms of reductions to pass on the savings to the fans. (Seems NOT to apply to tickets already sold including season tickets.) Other clubs will presumably also be making announcements. Still waiting for the presumed QPR announcement.

In The News Clubs begin passing on VAT cut
Thursday, 27 Nov 2008 15:46
Various sports clubs begin passing on 2.5% cut in VAT Printer friendly version
A number of clubs from across a range of sports in the United Kingdom have begun the process of cutting their prices following the drop in VAT rates.
Earlier this week chancellor Alistair Darling announced a 2.5 per cent reduction in value-added tax from 17.5 per cent to 15 per cent - the first such change in 17 years and the first drop for three decades.
And after Mr Darling urged companies to pass on the saving to customers whenever possible, several football and rugby clubs have already signalled their intention to do so.
Bolton Wanderers have confirmed that, from December 1st onwards, ticket prices to matches will be reduced by £1 across the board, while rugby league outfit Hull KR have dropped the price of replica shirts by a similar margin.
The price of matchday catering at both clubs is also set to drop in line with the changes to the tax rate.
In addition, Championship club Reading has vowed to review its ticket and merchandise prices with a view to passing on savings "in all areas where operationally possible, as soon as possible".
Several other clubs across different sports are expected to follow suit in the next week or so.
Royals chief executive Nigel Howe said: "In these difficult economic times, this initiative to help both consumers and businesses is very welcome.
"We are reviewing our pricing across the club, with the aim of passing the VAT saving onto our fans and business partners wherever we can and we will release more information soon."
The net result means attending sporting events is due to become cheaper as a result of the government proposals, which come into effect from the beginning of next week. In the News

Also: Compilation of Links to Variety of Club Announcements re VAT

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