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Page last updated at 13:37 GMT, Monday, 21 April 2008 14:37 UK

M&S changing clothes to UK prices

Marks & Spencer sign
All clothes will have the UK's 17.% tax levied on them

Marks & Spencer in Jersey is to price all clothing at UK prices when the new Goods and Services Tax (GST) comes in.

The M&S franchise, run by Sandpiper CI, currently sells clothing priced below 15 at UK prices, including an extra 17.5% - the equivalent of the UK's VAT.

This pricing policy will be expanded to all clothes, despite GST only being 3%.

Sandpiper said the reason the policy was being expanded was that operating in Jersey was more expensive than operating in the UK.

The 3% GST, which includes food and clothing, comes into force on 6 May.

GST is being introduced to cover the financial shortfall from a new zero-rate corporation tax.


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