Women were shortchanged by the abolition of the ‘tampon tax’ in 2021 as the saving was not passed on in full by retailers in the form of lower prices, according to a report.
Rishi Sunak scrapped the 5% VAT rate on tampons when he was chancellor, and the change took effect from 1 January 2021. However, Dan Neidle, the founder of the not-for-profit advisory firm Tax Policy Associates, which produced the research, says retailers seem to have kept the money rather than passing it on.
Read the full article on The Guardian website
NAM Implications:
- How can anyone forget the potential image damage of a retailer withholding tax savings on any purchases?
- Especially if consumers rely on ‘tell-a-friend’ to voice their feelings without even raising the issue in store.
- Please me and I tell one friend
- Disappoint me and 10 friends will hear of my displeasure
- Translate to social media and multiply this by 100, 1,000, and more?
