Increase in standard rate UK VAT (to 17.5%) on 1 January 2010
The UK Government announced earlier this year that the rate of Standard VAT in the UK will increase back to 17.5% after it was temporarily reduced to 15% on 1 December 2008.
VAT Filing Online
The HMRC VAT online service helps businesses to file VAT returns quickly and make electronic payments. VAT management will be switching to online filing and electronic payment only from April 2010. If turnover is more than £100,000, businesses will have to file their VAT return online for accounting periods that start on or after 1 April 2010. (source: www.hmrc.gov.uk ).
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