In a statement released yesterday, the Federation of Small Businesses (FSB) demanded that E
VAT rate change
While it is difficult to predict with any accuracy the effect of the recent 2.5% VAT increase on the unemployment rate, there are theoretical indicators that can help build a picture.
Hi
I thought this information maybe useful for accountants in Business. There are two points I would like to mention first
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Most of my clients are on monthly standing order payment. So far, I have not bothered to go through the hassle of asking clients to change the standing order amount.
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Just wanted to be clear on the VAT rules with invoices straddling the changeover date.
We have received an invoice dated mid December 2010 and plan to pay it mid January.
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Retailers are using the VAT rate increase as an excuse to hike up their prices over and above the 2.5% added tax they need to pay.
More than one in 10 businesses has yet to contemplate what to do about the impending increase in the standard rate of VAT to 20% on 4 January, according to a Sage survey.
Baker Tilly tax partner George Bull urged charities to plan ahead to reduce the impact of January’s VAT rate increase to 20%.
Tony Jackson takes a look at the rules for deciding which VAT rate to apply on invoices issued around the time of the rate increase.
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