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VAT increase

VAT due to return to 17.5% from 1 Jan 2010 BUT watch out for the pre Budget report next month – rumours are afoot that the Chancellor might increase it to 19%, whilst there is also a scholl of thought that says he will extend the period for the 15% rate to try and aid the economic recovery (seeing how we are still in recession despite our Euro neighbours & USA coming out of it!). We’ll let you know what goes on in the pre Budget and post any pertinent facts on here.

 

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