VAT reduced to 15%

[Alan @ BroomeAffinity]

Effective next Monday folks.

We'll need to see what happens to FRS rates.

[TykeMerc]

Effective next Monday folks.

We'll need to see what happens to FRS rates.

In all likelihood nothing at all.

[minestrone]

I expect computer people will be making an arse of the next invoice.

[lambrini_socialist]

http://vatchange.com/solution/

ker-ching!

(not me btw)

[Bagpuss]

Best get my invoice in this week!

[DodgyAgent]

I expect computer people will be making an arse of the next invoice.

They will look at it as a 2% increase in their margin

[Moscow Mule]

http://vatchange.com/solution/

ker-ching!

(not me btw)

What an awesome name for a company:

Secret Volcano Lair Ltd trading as VAT Change. Registered office: 109 Soughers Lane, Wigan, Lancashire, WN4 0JT. Company Number: 06103603. VAT Number: 910548932

[kryten22uk]

They're going to have to do something with the flat rates.

For you IT guys, the new 15% VAT rate means you pay out exactly what you receive in VAT; ie no margin for expenses (well you get 0.05%!). But those in the "Labour Only" rate of 13.5% actually have to pay out more VAT than they receive on invoices!

[chef]

What an awesome name for a company:

We're highly experienced in all the following: -

* - Microsoft .NET (1.0 / 1.1 / 2.0 / 3.0 / 3.5)
* - ASP.NET and Window Forms in both C# and VB
* - VB6, ASP 3.0 (ASP Classic)
* - Object Orientated (OO) program design



As well as having expeince with: -

* - Windows Sharepoint Services (WSS)
* - Microsoft Office Sharepoint Server (MOSS)



We also specialise in: -

* - JavaScript & AJAX
* - HTML/CSS/XML & web accessibility
* - SQL Server 2000 / 2005 / 2008
* - Database design & data integrity relationships
* - MySQL
* - Autonomy IDOL Server
* - Office 97/2000/XP/2003/2007


so come on, who knocked together that website this morning then?

[Alf W]

http://www.hmrc.gov.uk/pbr2008/pbrn26.pdf

FRS rates are coming down in line with the headline VAT rate.