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Don’t be caught out by the VAT rate switch
As the increase in the VAT rate approaches, businesses need to be mindful of charging the correct amount of VAT where invoices are raised or payments received around the date of the increase – January 4, 2011. Applying the wrong VAT rate at this time, or worse still falling foul of the anti-forestalling provisions, could prove expensive.
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Please contact Alan Rolfe, Tax Manager, if you are not sure on 023 8046 1200. |
HWB
Chartered Accountants, Highland House, Mayflower Close, Chandlers Ford, Eastleigh,
Hampshire, SO53 4AR.
