Don’t Forget The VAT Rate Change!
Just 24 hours (and a few minutes) to go until the VAT rate changes from 17.5% to 15%.
Make sure you have changed your website settings, ebay settings, bookkeeping settings, spreadsheet settings – even your calculator settings to reflect the new rate.
The new rate is 15%. When you are calculating the VAT amount in a total, such as a petrol receipt, you now need to use the fraction 3/23, or if you want the VAT exclusive amount the fraction you need is 20/23.
It remains to be seen if such a minute change will have any real effect on spending habits.
Good luck with your christmas campaigns.
Please feel free to email me if you want a little critique or help with your copy in the run up to christmas!
Seasons greetings to you all!
~Ray
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