Originally Posted by
Troy
^ Purchase tax was 25% at the time of replacement and VAT was first introduced at 10%. However, there was a big difference in range of goods and the tax actually applied, as Purchase tax was a 'Luxury tax'. The change from lsd to decimilation at roughly the same time as the change to VAT makes it a little difficult to compare but my 8 black jacks for an old penny pre-vat, pre-decimalisation became 4 black jacks for a new penny not long after....and they were definitely luxury items in my Mum's book.