VAT Flat rate change

VAT Flat rate change

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When did VAT office stopped sending the notices to traders regarding the change of Flat rate VAT
Please help as our client is being penalised for using old rate

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By occca
17th Oct 2012 20:49

Do you mean when VAT rate changed?
Do you mean they are using an old rate from before the VAT rate changed?

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By Finansol Tax Calculators
18th Oct 2012 11:42

use published rates

Hello

The standard rate of VAT increased from 17.5 per cent to 20 per cent on 4 January 2011.

The flat rate percentages were re-calculated to reflect this change. This was the most recent change, and the new percentages were published in advance of the change. 

I'm sorry to say this, but HMRC would expect you to be aware of the updated rates, and to use them from the date of the change.

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