Changes to VAT

15 - 12 - 2010

VAT Rate Changes

The standard VAT rate is increasing from 17.5% to 20% on 4th January 2011

Any major personal expenses for which VAT is not recoverable will, therefore, increase in cost by 2.5%. So now may be the time to consider making those purchases i.e. queue early for the January sales

At least the changes make VAT easier to calculate; multiply by five to create VAT or divide by 6 to find out how much VAT is in a Vat inclusive price!

Please note that Flat Rate VAT rates are also being changed as at 04.01.2011.
Should you require any help with the VAT rate change please do not hesitate to Contact Us






Foremans LLP Umberlla
Foremans LLP