December 2, 2008
Changes to the VAT rate
We know that you will be very busy at the moment supporting your clients with all the new changes.
For retailers it is often easier to calculate a discount of 2.10% of any VAT inclusive retail selling price rather than re label all items. This discount equates to a 2.5% reduction to the VAT rate.
Flat Rate Scheme
Many of you assist your clients in the operation of their Flat Rate Schemes.
We understand that HMRC are visiting Flat Rate Schemers and using a newly developed piece of software to verify the Returns rendered. It collates the value in
As often happens the incorrect value is shown in
If any of your clients are challenged in this way we suggest you start by verifying the
Elysian Associates
December 2008
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