Housewares Business-to-business magazine for housewares retailers and their suppliers
With VAT going up to 20% next month, HousewaresLive.net has uploaded easy-to-follow guidance from HM Revenue & Customs on the new rules.
The new rate is being applied from January 4, but the tax authorities are advising businesses to get to grips with the changes now.
The article, Get ready now for the change in VAT, offers advice on what to do if goods are supplied before January 4 but invoiced afterwards, if a contract spans the date of change, reclaiming VAT and completing a VAT return.
There is also a link to a website giving full details on the rate change.
