Emergency Budget - VAT rate rises to 20% The rate of VAT will rise from 17.5% to 20% from January 4, 2011
IPT rates will increase as follows:
- standard rate from 5% to 6%; and
- higher rate from 17.5% to 20%.
These changes are also effective from 4 January 2010.
If you require any further details about the impact of these changes please contact one of our VAT advisors. |