Monday, 1 December 2008
Lower rate VAT comes into force
Computer Aided Business Systems have updated their accounting and quotation systems at a 'flick of a switch'. Quotations and accounts will be processed at 15% until the planned reinstatement of a higher VAT charge on January 1st 2010.
What does this mean?
Mars Bar - Down 1p
Levi's Jeans - Down £ 1.49
AutoCAD - Down £ 93.75
Ford Focus - Down £ 322.00
VAT has been reduced by 2.5% - an effective saving of 2.1%