Tax rates and allowances are constantly changing. Tax planning opportunities are also wide ranging and changing, which is why it is important to make sure your plans are up-to-date. These guides provide information for the current tax year. Please contact us for guidance and advice.
The Chancellor George Osborne delivered his final Autumn Statement of this Parliament amid ongoing economic uncertainty. The key indicators paint an unclear picture but the official update from the Office for Budget Responsibility was positive and the Chancellor said the UK was "on course to prosperity".
For a wealth of advice and information relating to the operation of VAT, including essential tips for VAT planning, VAT schemes and how to survive the VAT inspector's visit.
The standard rate of VAT is 20%.