BizSugar.com › Taxes › The VAT rise, friend or foe? - Solid Bookkeeping, Accounting & Consultancy...

One of the worst kept secrets leading up to the emergency budget in June was that VAT would rise. The business world had braced itself for the change and the fact that the increase to 20% is not taking effect until 4 January 2011 actually went some way towards boosting business confidence. Unfortunately, the fact that we have some six months to get ready for change has also meant that many businesses are adopting the ostrich mentality. ...