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VAT increase to 17.5%

HMRC have issued guidance for businesses dealing with the increase in the standard rate of VAT from 15% to 17.5%. The change takes effect from 1 January 2010. They hope that by issuing the guidance well in advance of the change that businesses will have sufficient time to prepare.

If you would like guidance in this area please do get in touch.

Internet link: HMRC guidance on 17.5%

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