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UK VAT Rate Change - 4 January 2011

The Standard rate of VAT will be increasing to 20% with effect from 4th January 2011. As in previous years, we will be making available a Bundle that will automate the configuration changes required in your NetSuite account. Email communication on this subject will commence later this week and will cover availability of the Bundle, documentation and web based training sessions for all end users.

In the meantime if you want to understand how the changes impact your business then please refer to the HMRC’s detailed Guidance Notes for more information.

Updates regarding this topic will be posted under the UK Edition

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