Most businesses are now aware of the Chancellor’s decision to lower the VAT rate in his pre budget report. What does this mean for our clients? Firstly, if you are an existing client then one of our bookkeepers will be able to make the necessary changes to your financial software, if they havent visited you already then changes will be completed on their next visit.
If you would like to have further information we have a link to the HMRC under our resources section on the right of this page. Alternatively click on http://www.hmrc.gov.uk/pbr2008/vat-guide-sum.pdf
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