The VAT rate is the current standard rate of VAT in the UK. This is charged upon the majority of purchases by consumers. The VAT rate can also change for business owners due to the reduced rate when installing energy saving equipment and on products such as sanitary items.

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Flat Rate Scheme

Now that the mad rush is over for another year we can all take time to reflect on what has been a successful period not just for Steedman & Company, but also for Edinburgh as a whole.

As we have

VAT Rise to Cause Inflation Increase

Inflation could rise to as much as 4.2 percent, as the VAT increase takes effect, City economists have warned. Consumer price inflation reached 3.7 percent in December. The rate of VAT increased from 17.5 percent to 20 percent on January …