Exclusive: Abolition of 5% VAT on period products only resulted in 1% cut in prices at most, research finds
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.
Exclusive: Abolition of 5% VAT on period products only resulted in 1% cut in prices at most, research findsWomen 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. Continue reading…
