leehaddin

In 2010 three major changes to VAT will be introduced. 1. VAT rate On 1 January 2010 the standard rate of VAT reverts to 17.5%. 2. VAT registered businesses The VAT rules for businesses who: -Supply services to or receive services from overseas businesses -Supply goods to other EC countries -Reclaim VAT incurred in another EC country are all affected 3. VAT filing and payment arrangements Under...