P255 CEEFAX 255 Wed 2 Mar 21:00/10   1/3                VAT ON SPECTACLES Spectacle prices will not rise by 15 per cent as a result of the latest EEC ruling, says the General Secretary of the Association of OptometristsN If there is any rise at all, and this is doubtful, says Mr Ian Hunter, it will be in thf region of only three- four per centN This will mean an increase of between £1.50 and £2 on the average cost of a new pair of spectacles, which is approximately £50N More
P255 CEEFAX 255 Wed 2 Mar 21:00/10   2/3                VAT ON SPECTACLES Consuldqs have always paid VAT on the material cost of frames and lensesN In future, the only extra VAT they will pay will be on the dispenrhng fee. At the moment, most practitioners are not registered for VAT, so cannot reclaim itN The new ruling will mean they can recover the tax paid on their equipmentN Opticians will, therefore, be able to offset the VAT on their dispenshng fee against that savingN More
P255 CEEFAX 255 Wed 2 Mar 21:01/02   3/3                VAT ON SPECTACLES "Consumdrs need not be concerned about immediate price rises," says Mr Hunter. "The best information we have is that these measures are unlikely to be implemented sntil the middle of 1989. "But I would stress that, even then, a price rise in the cost of a new pair of spectacles is unlikely." The EEC ruling applies to contact lenses as well as spectacles. More