Friday, 6 November 2009

Increase in the standard VAT rate

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.

For more information, please contact us or follow this link:

http://www.hmrc.gov.uk/vat/forms-rates/rates/rate-changes.htm