A Round-Up Of Recent VAT-Related Developments.

Extract


A Round-Up Of Recent VAT-Related Developments.

2009 Budget summary

Some important VAT changes announced in the Chancellor's Budget are summarised below.

VAT registration turnover limit increased to [pounds]68,000, with the deregistration limit increased to [pounds]66,000.

The standard rate of VAT will return to 17.5% from 1 January 2010 (HM Revenue & Customs (HMRC) will also introduce anti-fo...

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