We created the Tamar Embroideries Website to sell custom embroidered gift items online back in September last year.
On Monday Tamar Embroideries had the bright idea to expand into the custom workwear market, and so we built a brand new website based on the well knows oscommerce shopping cart with a totally new range of goods and have just gone live today at embroideries.co.uk
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.
See
http://www.hmrc.gov.uk/pbr2008/vat-guide-sum.pdf
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…..