Don’t Forget The VAT Rate Change!

Ray Stewart Bookkeeping, Business, General, Tax Matters, VAT 0 Comments

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 …

VAT – when 15% should actually be 17.5%

Ray Stewart Bookkeeping, Business, General, Tax Matters, VAT 1 Comment

I just wondered if anyone needed some clarification about actually when to change the rate of VAT they charge. I know our beloved chancellor said it will apply from 1st December but… There is an issue you must consider here when you are invoicing for the supply of goods and services. If you supplied goods and services before 17th November …