The New VAT Change

Education Staffing Solutions has conformed with the new VAT change implemented by the government. This was applied the same day as announced.

In his Pre-Budget Report on 24th November 2008, the Chancellor announced that the standard rate of VAT will be reduced to 15% on 1st December 2008.

This means that for any sales of standard-rated goods or services that take place on or after 1st December 2008 providers should charge VAT at the new rate of 15%.

Only standard-rated sales are affected. There are no changes to sales that are zero-rated or reduced-rated for VAT. Similarly, there are no changes to the VAT exemptions.

The 15% rate will remain untill 31st December 2009, and from 1st January 2010 it will revert to 17.5%.