Well, here it is – the announcement in the Pre-Budget Report of the VAT rate being reduced to 15%. The first VAT rate change since 1991, if I’m not mistaken. Personally, I don’t see it making a big difference to the man in the street but it will have an effect on many businesses, unfortunately… Read More


In a remarkable burst of penny-pinching, HMRC have announced that they are no longer issuing pre-paid envelopes with VAT returns. They will still enclose an addressed envelope, but it will be up to the taxpayer to put a stamp on the envelope. They have not commented on whether an unstamped envelope will be put to… Read More