Store First customers to avoid VAT charge

15 Nov 2012 –– Company

Storefirst Storage Burnley Reports...

Lancashire firm Store First says its customers will not suffer price hikes following the introduction of VAT to the price of renting storage units.

Previously VAT did not have to legally be applied to storage rental, but the government announced in April’s Budget 2012 that the charges would be implemented from 1 October 2012.

Store First has confirmed it will not pass on VAT charges to customers as its business model was set up to be able to absorb the changes.

A Store First spokesperson: “We believe applying VAT to storage unit rentals will have a hugely detrimental effect on our industry.

“Passing costs on to customers would have the biggest impact on our domestic customers, as businesses could claim the VAT charges back and it’s our aim to make storage as cheap as possible for all of our customers.

“Our business model is set up to enable us to keep costs to all of our customers to an absolute minimum.”

Store First has storage centres in Blackburn, Burnley, Liverpool and Rochdale, with plans for new depots in Barnsley, Manchester and Preston in the new year.

Customers are given access to boardroom facilities, free wifi, canteen access, 24/7 CCTV security and their own PO box address.

Store First units are available in a range of sizes and can be rented for as little as £1 for the first four weeks.