VAT increase on January 1
What will happen re the flat-rate percentages when the VAT rate increases?
Comments
Possibly not
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Sun, 22/11/2009 - 17:16 |
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HMRC are on the record as saying that they adjusted the percentages to reflect some discrepancies last December, so one or two will probably be higher than they were before. I have not yet seen a list but we expect it soon.
Edit : I have just checked and HMRC says that there will certainly be some changes and the new rates will be available in December - so probably expect at PBR time.
They will go back to what they were before the decrease
They will go back to what they were before the decrease
This should help http://www.settingupyourbusiness.co.uk/flat-rate-vat-scheme-rates/