NEW PURCHASE TAX
NOW OPERATING IN BRITAIN
(British Official Wireless.) RUGBY, October 20. There was more activity than for some time past in the shops on Saturday in view of the fact that the new purchase tax comes into operation on Monday. The Chancellor of the Exchequer expects £110,000,000 in a full year's working of the tax, which imposes a charge of a third on luxury goods and a sixth on other more essential commodities, and exempts certain classes altogether. There is complete exemption for young children's clothing among other things. A one-sixth tax goes on drugs and 1 medicines and the full tax on a variety of articles such as cameras, hats, gloves, torches, domestic linen, and toilet requisites.
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https://paperspast.natlib.govt.nz/newspapers/EP19401022.2.61
Bibliographic details
Evening Post, Volume CXXX, Issue 98, 22 October 1940, Page 8
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120NEW PURCHASE TAX Evening Post, Volume CXXX, Issue 98, 22 October 1940, Page 8
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