Business News

December 2010

Get ready for 20% VAT with Milsted Langdon

Time is ticking away to the increase in the standard VAT rate from 17.5% to 20% on Tuesday, 4 January 2011.

In the run-up to Christmas, busy businesses may find it hard to find time to think about VAT issues but making the arrangements needed to deal with the change now will help to avoid problems with HM Revenue & Customs later on.

Milsted Langdon's VAT specialists have put together a straightforward guide to the key issues, covering topics including:

• tax points and the right rate to be used
• cash accounting
• optional treatment
• credit notes
• sales recording and accounting software.

Click here to download VAT Guide.

If you have more detailed questions about VAT, please contact our experts Elaine Durrant or Hugh Mitchell on 01823 445566 or your usual Milsted Langdon contact.