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Old September 7th 05, 10:02 AM posted to uk.rec.audio
Tim Martin
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Posts: 170
Default Buying speakers vs. making speakers


"Stewart Pinkerton" wrote in message
...

He's referring to the Kefkit 3, which according to my 1974 Hi-Fi
Yearbook, cost £36 each, plus VAT - which was not avoidable.


Yes, he must have been talking about prices before the introduction of VAT
(1973). Purchase tax was not paid on kits - Lotus actually made kit
versions of the Lotus 7 and Lotus Elan so buyers could avoid the tax. (The
purchase tax on cars was something like 35% of four-fifths of some value.)

Tim