System Consequences of the VAT Rate Change

Now the standard VAT rate in  the UK has increased, here are some tips on dealing with it with your systems over the transition period.

This is the latest in a series of articles I've written for the IT Faculty of the ICAEW. These cover how to benefit from management reporting, KPIs, cloud computing and other topics to profit from technology.

VAT Rate Increase in January 2011 – Why's it Different?

With the “Comprehensive Spending Review” ringing in our ears, it’s easy to forget that there will be an increase of standard-rate VAT to 20% on 4 January next year.

This is no doubt painful for you if you live in the UK. But for businesses trading in the UK, it’s easy to think this is just a repeat of the last increase this last January. It’s not. There will be several different consequences for systems and commercial arrangements, such as: [...read more...]