On 4 January 2011 the standard rate of VAT increased to 20%.

We have produced a quick guide for advisers: see VAT: accounting for the change in rate.

HM Revenue & Customs have published a detailed guide covering the changes and also revised the following VAT guides on 4 January:

No:	Title
Revised Notice 733	VAT & the Flat Rate Scheme for small businesses
Revised Notice 731	VAT and the Cash Accounting Scheme
Revised Notice 727/5	VAT & Retail Schemes: How to work the Direct Calculation Schemes
Revised Notice 727/4	Retail schemes: How to work the apportionment schemes
Revised Notice 727/3	VAT & Retail Schemes: How to work the Point of Sale Scheme
Revised Notice 727	VAT & Retail Schemes
Revised Notice 60	Intrastat General Guide

 

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