Firstly, on Jan 1 2010, the VAT rate is going to change back to 17.5% and this is set to affect almost every business.

Secondly, from the same date, it won’t only be sales of goods to the EC that need to go on all EC Sales List submissions – sales of services must be recorded too. This will affect your business if you’re registered for VAT in the UK and supply services to traders registered for VAT in other EC Member states.

VAT Filing
	Thirdly, under Government proposals many businesses will need to start submitting their VAT returns online after Apr 1 2010. This will apply to all businesses who are VAT registered and have a turnover of more than £100,000, as well as those businesses who register for VAT after Apr 1 2010. All other businesses can continue to file on paper, at least for the time being.