From 4th January 2011 the Standard Rate of VAT will change from 17½% back to the previous level of 20%. Businesses who charge VAT will need to account carefully in their business records during the change. On-line businesses will need to have updated their websites without delay.
Should any small or medium sized enterprise (SME) require assistance with VAT or any element of business accounting and tax preparation, they are invited to contact Taxfile, without obligation, at their Turney Road, (Tulse Hill/Dulwich, South London) business address. Telephone: 0208 761 8000 or email us using the contact form here.