UK Vintage Radio Repair and Restoration Discussion Forum - View Single Post

Brased · 27th Jul 2009, 4:50 pm

When was the Purchase Tax collected? I assume that since it represents a fixed amount on such things as valves which had a fixed retail price, as did most manufactured items (retail price maintenance in force), the sum due was rendered direct to HM government by the manufacturer rather than passing it down through the supply chain as with VAT today. Can someone enlighten me?

Edward

27th Jul 2009, 4:50 pm	#5
Brased Hexode Join Date: Mar 2005 Location: London, UK. Posts: 318	Re: Purchase Tax on radio valves When was the Purchase Tax collected? I assume that since it represents a fixed amount on such things as valves which had a fixed retail price, as did most manufactured items (retail price maintenance in force), the sum due was rendered direct to HM government by the manufacturer rather than passing it down through the supply chain as with VAT today. Can someone enlighten me? Edward