How is the VAT Increase Planned for Jan 2011 Going to Affect Your New Business?

“Tough luck,” is basically what Chancellor George Osborne said when the new Value Added Tax (VAT) increase was announced. Come January 4, 2001, the VAT will reach 20% and undoubtedly change the way people do business, even if it’s only forcing people to pay more attention to their expenses. The implications for start-up businesses might
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What Items are Zero Rated from VAT in the UK?

VAT is something many businesses will have to contend with when purchasing items and when attempting to sell them. The UK’s VAT isn’t quite as high as other European countries, but in 2009, the nation suffered a 3.7% consumer inflation bump, and then Chancellor Alastair Darling (pictured) declared that VAT should be restored to 17.5%
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