New Lower VAT Rate

*From 1 December 2008, the standard rate of VAT will be 15% If you are on the Flat Rate Scheme, remember that your percentage changes too. *

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New VAT Rate

*From Monday 1 December 2008, the VAT rate will drop to 15% and remain at this level until 31 December 2009, when it will revert back to 17.5% The new VAT fraction is 3/23. *

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