Are you ready for the VAT rate rise?
Debra Dougal, VAT partner at Haslers, offers a practical commentary on the forthcoming VAT changes.
It is just a year since the government rushed through, in a matter of days, a reduction in the VAT rate to 15%. We were told that this would stimulate the economy - whether it did or not is one for the political commentators - but the 13 month temporary reduction is now almost at an end and we must prepare ourselves for a return to 17.5% VAT on 1 January 2010.
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