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VAT Rate reverting to 23%

In July 2020 the Government announced a stimulus package including a a six month reduction of the standard rate of VAT to 21% from 1 September 2020.

That six month period is expiring on 28 February 2021 and the standard rate of VAT will revert to 23%.

You should ensure that your systems are updated to reflect this change to the standard VAT rate.

Should you have any queries on this please feel free to contact us.

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