I am sure that you are all aware that the rate of VAT has been reduced to 15% with effect from Monday 1st December 2008.
This is just a quick reminder for you all to update your VAT rates in your accounting software! Failure to do this, will result in:
- Customers having a valid excuse for not paying you on time
- Extra work raising credit notes etc
I am certain that all of you have this in hand, but, it doesn't hurt to be reminded just in case!
Jamieo "Making Your Cash Flow"
