Well, I clearly have a reputation for being a pedant, somehow. And so people keep asking for advice on VAT!
So if you are charging for services for January - what VAT rate do you charge?
The rules are in the VAT Act, and have not changed. They are the same any time the VAT rate changes.
It is suppliers choice, not customers. You can either charge based on the "actual" tax point or the effective tax point (e.g. invoice date). So one of these :-
1. Invoice date before 4th Jan, charge VAT on everything at 17.5%
2. Invoice date on or after 4th Jan, charge VAT on everything at 20.0%
3. Split VAT charges so services pre 4th are at 17.5% and those on/after 4th are at 20.0%
What you can't do :-
1. Invoice before 4th Jan, charging VAT at 20% for services before 4th.
2. Invoice on/after 4th Jan, charging VAT at 17.5% for services on/after 4th
(well, almost, special case: if invoice to a connected party (e.g. director or director's wife) who cannot reclaim VAT, charged at 17.5% for any service on/after 4th Jan, then you have to invoice an extra 2.5% VAT. Finance Act (No.2) 2010.)
I saw this on a truck (non UK plates), and they do puzzle me a bit. For a start, it is not clear - are the black bits the death angles - in ...
Broadband services are a wonderful innovation of our time, using multiple frequency bands (hence the name) to carry signals over wires (us...
The ASR33, like most teletypes of the era, works at a fixed rate. It does 10 characters per second. It is 110 Baud, using 1 start, 8 data (i...
I am using KiCad for PCB design, and it is pretty impressive, but KiCad version 6 has just been released. There are lots of small changes, b...