VAT change
Since 1 December 2008 there has been a temporary reduction in the standard rate of VAT from 17.5 per cent to 15 per cent. The Pre-budget Report on 9 December 2009 confirmed that the standard rate of VAT returns to 17.5 per cent on 1 January 2010.
This practice note provides advice on charging the correct rate of VAT on the services you make both before or after 1 January 2010 and how to deal with those services that you started before but completed after the rate change.
Note: Some queries have been raised in relation to paragraph 7.1 of the Practice Note. Whilst we are seeking to clarify the position with HMRC Stamp Taxes and HMRC VAT you should refrain from making claims for repayments of SDLT. We will resolve this in the new year.
Current version
VAT change: Reversion of the standard rate to 17.5 per cent – 15 December 2009