UK VAT Increase

Posted by Will Woodward on 6th December 2010 in Features

As we should all know by now, the UK VAT rate will increase from 17.5% to 20% on 4th January 2011.

But fear not, here at Moobiz we already have an automated task set up to increase your account's default VAT rate to 20% at 00:00 on 4th January. Of course, this will only affect you if you're in the UK, and your current default VAT rate is set to 17.5%.

For more details about the VAT rise, please see HMRC's Rate Rise Guidance document.