
HMRC have issued guidance for businesses dealing with the increase in the standard rate of VAT from 17.5% to 20%. The change takes effect from 4th January 2011. This guidance has been issued well in advance of the change in the hope that businesses will have sufficient time to prepare.
If you have any questions or would like to discuss any VAT matters, please contact Bryan Freeman or your Rowleys client contact on 0116 2827000.