Information about the VAT Rate Rise

For those of you who have been on holiday since before Christmas, today will be the first day that you are back at work and dealing with the VAT rate rise as well as other tax issues, particularly personal tax returns that are due by 31 January. Hopefully you have all of the VAT stuff sorted out by now but if you are stuck for information, start by looking on the HMRC website here http://tinyurl.com/nbzgcv. It contains information for different business sectors, schemes and different types of transactions. There are also a couple of short articles on our forum (see the Latest VAT Developments) that might also help.

Marie