There are a number of changes to VAT from1 January 2010 and 1 April 2010.
1st January Changes
1) The VAT rate will increase back to 17.5% from 1 January 2010. If you are on the flat rate scheme, your rate will also change. Please note this will not necessarily just revert to the rate that applied until 1st December 2008.
If we prepare your VAT returns, we will adjust this accordingly. If you prepare your VAT returns and need some advice, please contact us. Or, please use the link below for further information.
http://www.hmrc.gov.uk/pbr2009/pbrn33.pdf
2) From this date the majority of sales of services to EC member state countries are reportable on an ESL (EC Sales List), VAT form 101.
If you believe that you or your business will be affected by this change, please contact Peter or Sara for more information. Or further information can be found using the link below.
http://www.hmrc.gov.uk/vat/place-supply-services.pdf
1st April Changes
The deadline for online VAT returns is approaching. Please follow the link under Mandatory Online VAT Returns.
If you have any questions on any of these matters or anything else, please contact us.
