Changes due on 1 January 2010 There will also be major changes to the VAT rules for businesses who:
These changes affect where, how and when VAT is accounted for. Please click here for further guidance. On 1 January 2010 the VAT rate will revert to 17.5% in the UK and on the Isle of Man. For further information on how to deal with this change, please go to FAQ (frequently asked questions) or click here In addition, the way in which businesses apply to recover VAT incurred in other EU Member States will change. Please click here for further guidance on how this will affect Isle of Man traders and/or their agents |
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