Tag: UK

Postcomm have published the timetable that it expects to follow for its review of Royal Mail’s price control and service standards. This will be Postcomm’s second major review of Royal Mail’s licence terms, and the decisions from this review are expected to take effect in April 2006.

Views are being sought from interested parties about the process and timetable that Postcomm intends to follow, as well the main issues that should be considered during the review.

The Treasury is to come under pressure to introduce VAT on postage stamps in the run-up to the next general election.

Postcomm, the postal regulator, is preparing to recommend that a special 5 per cent rate should be introduced, but this will go against the wishes of Government ministers, who are opposed to any increase in the price of stamps.

Royal Mail is VAT exempt. However, The private companies entering the postal market have to charge the tax at the full 17.5 per cent rate.