Does the new VAT reduction apply in the i+m online shop?
The economy is in full swing: From 1 July to 31 December 2020, the government has decided to reduce VAT from 19% to 16%. So theoretically you can save 3% on your purchase. Sounds good at first.
For manufacturers and retailers, however, this temporary price adjustment means an enormous additional expense. That’s why it is feared that the tax cut might not reach the customers in the end.
We want you to save money: In our online shop, you will only pay 16% VAT on the products from July 2020. And the 3% saving on the gross product price will be implemented via a discount that will be automatically deducted from your invoice total (excl. shipping costs) in the shopping basket.
So you don’t need to do anything else and can simply enjoy the usual great i+m quality at lower prices. You can see the new VAT in the order confirmation and on your invoice.