Home  
  Entertainment  
  Mobile  
  Studiomaster  
  Card Printing  
  EPOS  
  Cards & Cams  
  Gemalto  
  Programmers  
  Misc Products  
  Maxlocks  
  Receivers  
 
 
Home Shopping Cart Contact Us
 
top banner
Maxking :: Vat
 
Special Offer ...
  Card printers  
  Programmers  
  Locks  
  Epos  
  Printers  
 

Vat

Vat

Pre-Budget Report 2008 - VAT Rate Changes

In his Pre-Budget Report on 24 November 2008 the Chancellor announced that the standard rate of VAT will be reduced to 15% on 1 December 2008.

This means that for any sales of standard-rated goods or services that take place on or after 1 December 2008 providers should charge VAT at the new rate of 15%.

Only standard-rated sales are affected. There are no changes to sales that are zero-rated or reduced-rated for VAT. Similarly, there are no changes to the VAT exemptions.

The 15% rate will remain until 31st December 2009, and from 1 January 2010 it will revert to 17.5%.