Commentary

RCB/52/10 Changes to VAT in January 2011

Part V16 Forms and other HMRC material

RCB/52/10 Changes to VAT in January 2011

RCB/52/10 Changes to VAT in January 2011

Revenue & Customs Brief, Issue 52. 14 December 2010

This brief reminds businesses of two VAT changes that will take place in January 2011. These are:

  1.  

    —     increase in the standard rate of VAT from 17.5 per cent to 20 per cent on 4 January 2011

  2.  

    —     changes to the place of supply rules for cultural, artistic, sporting, scientific, educational, entertainment or similar activities supplied to relevant business customers on 1 January 2011.

1 Change of standard rate of VAT to 20 per cent

Businesses and consumers are reminded that the standard rate of VAT goes up from 17.5 per cent to 20 per cent on 4 January 2011.

The rate change only applies to the standard VAT rate. There are no changes to sales that are zero-rated or reduced-rated for VAT. Similarly, there are no changes to the VAT exemptions. Any sales you

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