News for July
Standard Rate of VAT to Increase
It is proposed to increase the standard rate of VAT from 17.5% to 20% with effect for any supply made on or after 4 January 2011. The rate change does not affect either zero-rated supplies nor those supplies subject to VAT at the 5% reduced rate.
Detailed guidance has been issued by HMRC for businesses on implementing the change.
Links: HMRC Budget note HMRC guidance
Archived News
December Articles
November Articles
October Articles
September Articles
August Articles
July Articles
June Articles
May Articles
April Articles
March Articles
February Articles
January Articles
2010 Articles
2009 Articles
2008 Articles
