accountants
6 Cavendish Street  
Barrow in Furness  
Cumbria  
LA14 1SB  
Tel: (01229) 838567  
enquires@sdgaccountants.co.uk   
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sdg accountants
6 Cavendish Street
Barrow in Furness
Cumbria
LA14 1SB
Tel: 01229 838567
Fax: 01229 870902
enquires@sdgaccountants.co.uk

Standard Rate of VAT to Increase
It is proposed to increase the standard rate of VAT from 17.5% to 20% with effect for any supply made on or after 4 January 2011. The rate change does not affect either zero-rated supplies nor those supplies subject to VAT at the 5% reduced rate.

Detailed guidance has been issued by HMRC for businesses on implementing the change.

Links: HMRC Budget note  HMRC guidance

 
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