News
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
