The standard rate of VAT has changed from 15% to 17.5% from today. If you have goods priced up for sale at VAT inclusive prices (i.e. including 15% VAT), you will need to recalculate the output tax.
VAT Rate Change
The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.
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