The new VAT increase, are you ready?

January 4th 2011 will see the VAT rate increase by 2.5% to 20%.

Updating all your prices to the new rate can be a massive task - start preparing now!

Have you updated all your marketing ready to display the new prices?

Will you charge 2.5% more, or will you absorb the increase within your existing prices?

Remember to update all your accountancy software.

Read more information here: http://www.hmrc.gov.uk/vat/forms-rates/rates/rate-rise-guidance.pdf