Temporary VAT reduction

The Chancellor announced a temporary reduction in VAT to 15%. This means the standard rate of VAT will be reduced from 17.5 per cent to 15 per cent, between 1st December 2008 and 31st December 2009.

This reduction will no doubt effect thousands of e-commerce shopping websites, many of which will have the VAT calculation ‘hard-coded’ in to the e-commerce system running on the website. If you are one of the thousands that are effected by this and have no development company to make the changes, please feel free to contact us for a chat.

Over the next few weeks we will be making the necessary changes to  all the websites we have created by our clients with regard this change.