Advice as VAT changes loom even larger
- VAT returns to 17.5% on January 17
- Complexities and costs will increase
“Businesses need support and guidance throughout the whole transition process to help them understand how and when they need to make the necessary changes. Those that fail to plan the changes now will pay the price later.
This is cause for serious concern - managing the change for something as integral as VAT is not as easy as simply flicking a switch. In fact, it can be hugely complex for businesses both small and large,” said Kevin Hart, head of government relationships at Sage UK & Ireland.
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