Don’t be caught out by the VAT rate switch

As the increase in the VAT rate approaches, businesses need to be mindful of charging the correct amount of VAT where invoices are raised or payments received around the date of the increase – January 4, 2010. Please check with us if you are not sure. Applying the wrong VAT rate at this time, or[…]

Posted in VAT

All change on VAT again

There is now barely a month remaining before the standard rate of VAT climbs from 17.5 per cent to 20 per cent. The increase means that any sales of standard-rated goods or services made on or after 4 January 2011 must carry a VAT charge of 20 per cent. The increase only covers standard-rated goods[…]