At-a-glance VAT change rules on

With VAT going up to 20% next month, has uploaded easy-to-follow guidance from HM Revenue & Customs on the new rules.

At-a-glance VAT change rules on

The new rate is being applied from January 4, but the tax authorities are advising businesses to get to grips with the changes now.

The article, Get ready now for the change in VAT, offers advice on what to do if goods are supplied before January 4 but invoiced afterwards, if a contract spans the date of change, reclaiming VAT and completing a VAT return.

There is also a link to a website giving full details on the rate change.

Check Also

Dexam Trust supports ‘Walk the Wight’ cause

Dexam’s product manager, Helen Boardman, completed ‘Walk the Wight’ in support of Ronald McDonald House …