Don’t Forget The VAT Increase!!

Ray Stewart General Leave a Comment

Just a quick reminder that the VAT rate increased again today from 15% back to 17.5%. Make sure your bookkeeping program is adjusted to reflect this. If you need any help in adjusting your program please ring me on 0800 047 0731 or use the contact page on the website. To work out the VAT from a total amount, you must use again the fraction 7/47 – an awkward but necessary piece of maths!