The Chancellor, Alistair Darling presents his Pre Budget Report in December . While this is intended to herald forthcoming Budget announcements the occasion has previously been used to introduce key changes.
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As previously announced, on 1 January 2010 the standard rate of VAT reverts to 17.5% after a period of 13 months at 15%. The reduction was welcome during a time of recession but now it is back to 'as you were'.
As previously announced, on 1 January 2010 the standard rate of VAT reverts to 17.5% after a period of 13 months at 15%. The reduction was welcome during a time of recession but now it is back to 'as you were'.
