Emergency Budget VAT IncreaseJune 2010
In the Government's Emergency Budget on 22 June 2010 it was announced that the standard rate of VAT will increase from 17.5% to 20%. This will take effect from 4 January 2011 and it could have a significant impact on cash flow for a number of consultants. James Hutchinson and Stephen Milne of Beale and Company outline some steps consultants can take to reduce this exposure.
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