VAT – Happy New Year
VAT returns to 17.5% on 1st January 2010 so will the hostelry you are frequenting on New Year’s Eve suddenly increase their prices at midnight? The answer is “No”.
As a concession HMRC are allowing pubs, hotels and other establishments which are open at midnight to continue accounting for VAT at the 15% rate until 6.00am on New Year’s day.
If you need more information on the changes, contact us.
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