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Major changes to VAT in 2010

On November 12, 2009 By

In 2010 three major changes to VAT will be introduced.

1. VAT rate
On 1 January 2010 the standard rate of VAT reverts to 17.5%

2. VAT registered businesses
The VAT rules for businesses who:

Supply services to or receive services from overseas businesses Supply goods to other EC countries Reclaim VAT incurred [...]

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