News
VAT changes from January 1st 2010
20th Nov, 2009
The standard rate of VAT was temporarily reduced to 15 per cent on 1 December 2008 and it will return to 17.5 per cent on 1 January 2010.
The standard rate of VAT was temporarily reduced to 15 per cent on 1 December 2008 and it will return to 17.5 per cent on 1 January 2010. For any sales of standard-rated goods or services that you make on or after 1 January 2010 you must charge VAT at the rate of 17.5 per cent.
The change only applies to the standard VAT rate. There are no changes to sales that are zero-rated or reduced-rated for VAT.
For more information regarding VAT, please click here for a link to the HMRC website.
Please click here to see further changes regarding dealing with European countries,