News for 23rd December 2010 :: Revenue & Customs Brief 52/10 Changes to VAT in January 2011
1. Change of standard rate of VAT to 20 per cent
Businesses and consumers are reminded that the standard rate of VAT goes up from 17.5 per cent to 20 per cent on 4 January 2011.
The rate change only applies to the standard VAT rate. There are no changes to sales that are zero-rated or reduced-rated for VAT. Similarly, there are no changes to the VAT exemptions. Any sales you make at these rates are unaffected by this change. To find out more click the link
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