Archive for November, 2008

New Lower VAT Rate

Wednesday, November 26th, 2008

The new lower VAT rate does not take effect till Monday.

As a result anyone wanting to buy a high priced item should consider putting off the purchase till after the weekend. But (unless I am mistaken) if the goods or services are not going to be delivered till Monday or later the merchant is in a position to charge VAT at the new rate.

Look in “Are there any special rules for sales spanning the change of rate?”

So I’m off for a few days fishing and sunning myself on the beach and unless otherwise requested will not be doing any work till Monday!!! Thank you Darling
Disclaimer – I’m not an accountant etc so treat this as you would any snippet of gossip overheard on the Clapham Omnibus…..