Ian Maude wrote:
>Yes, VAT was dropped to 15% last year for the recession.  It goes back 
>up in January and I very much doubt it will be 17.5% as before!
>

VAT will go back to 17.5% on January 1st - that's official.

What it will go up to after the election a few months later (regardless 
of which party wins) is quite another question...

The reason for concern is that VAT is also applied to imported goods. 
The taxable amount is the bottom line of the invoice, including all 
shipping, handling and insurance costs.


-- 

73 from Ian GM3SEK
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