Holden Associates – Accountants & Business Advisers Blog

As you will all know by now VAT will from 1 December be reduced from 17.5% to 15% for a 13 month period.

Please ensure if you are using software to maintain your accounts that this software is updated for the change.

For a summary on dealing with the rate change please click here.

For the more ambitious amongst you click here for the detail guide.

For guidance from HMRC please visit their Pre-Budget Report – VAT Rate Changes page here.