UK VAT Flat Rate Changes January 2010

The Standard rate of VAT changed back to 17.5% with effect from Friday 1 January 2010.

Changes to the flat rate scheme percentages

Alongside the changes to the Standard rate, the flat rate percentages for many trade sectors change and for some sectors they are not the same rates as they were using up to 30 November 2008.

If your VAT return period does not end on 31 December 2009, you will have to work out your gross sales for pre and post 1 January and apply the appropriate flat rate percentage to each.

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Online accounting systems

An introduction to online accounting and book-keeping.

Online accounting software, known as “Software As A Service” (SaaS) is accessible via your web browser via a secure session. Thats it! No software to install, no backups, no hardware upgrade required. Software updates, data security, backups and hardware maintenance are taken care of by the service provider.

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