Doesn't Time Fly? it only seems like 5 minutes ago when we all had to deal with the unexpected and sudden change of VAT rate from 17.5% to 15%, well its now time to think about doing it all again. From initial enquiries we have recently had not only did last year's change cause fun and games, most businesses are not yet prepared for the reversion back to 17.5%. Given there will be a myriad issues surrounding the rate change, for example, dealing with deposits or part payments received pre-1st January 2010 for sales fulfilled and fully invoiced after that date, it's never too early to be thinking of the impact on your or your clients' business. Add this to newly introduced anti-avoidance provisions implemented by HMRC and it adds up to the potential for more confusion.

 However, help is at hand! We are dealing with many enquiries regarding the impact of the rate change and are finding we can add real value - contact us for further details.

• latest news
• news archive