Condom maker ‘loving’ Treasury
Cut in VAT rate may boost sales
The decision by the chancellor to cut the rate of VAT on condoms should boost
the sales of contraceptives and encourage safe sex, according to Bath sex toy
From 1 July, the VAT charge on condoms fell from 17.5% to 5%.
LoveHoney director Richard Longhurst said: ‘Gordon Brown has reduced the VAT
on condoms to encourage safer sex, not to help retailers make a bit of extra
’We cut our prices straight away to let customers enjoy our range of condoms
for less,’ he added.