Effective from 1st December 2008 to 31st December 2009 inclusive
Important changes to VAT
The Government recently announced a cut in the standard rate
of VAT from 17.5% to 15% with effect from 1 December 2008.
This means that for normal goods and services where the standard
rate of VAT is charged, adjustments may need to be made to your system to
allow the new rate of VAT to be calculated on invoices dated from Dec 1st
2008.
HM Revenue and Customs Guidelines
HMRC are writing to all VAT registered companies to explain
the changes, so please ensure you have either read this or checked the HMRC
web site www.hmrc.gov.uk for all relevant documents to ensure you are applying
the VAT correctly for your business.
How can CIBER help?
CIBER UK cannot advise on VAT or how your business should
be applying it, but we will provide advice on setting the VAT rates within
your system and where those changes can be applied. CIBER has prepared the
following information to help and support you as you prepare for the transition.
Please select the appropriate link below:-
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