Starting from 1 January 2010 new VAT rates apply, shifting from 15% in 2009 to 17.5% in 2010.
HMRC has provided a detailed guide along with several PDF documents linked from the same web page to help businesses that need to be particularly careful with the shift. These businesses include:
- Businesses that issue VAT invoices
- Businesses operating beyond midnight on 31 December 2009
For each of these categories HMRC provides a separate PDF document available online. There are also certain types of services that require special attention to the changing VAT rates. They include:
- Services you start before 1 January 2010 but finish afterwards
- Continuous supplies of services
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