Self-storage firms play down effect of proposed VAT changes

Self-storage firm Lok'n'Store said plans unveiled in Wednesday's Budget to extend value added tax (VAT) to the use of self-storage would not affect it as it has always charged VAT on its storage services.

Self-storage firm Lok'n'Store said plans unveiled in Wednesday's Budget to extend value added tax (VAT) to the use of self-storage would not affect it as it has always charged VAT on its storage services.

Nevertheless, the company's shares fell 5p to 103p in the morning session following the Budget, before recovering to 105.5p.

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