GoldBlatt McGuigan

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PRE-BUDGET REPORT SUMMARY 2008: VAT STANDARD RATE CHANGE

November 2008

In accordance with the Pre-Budget Report on 24 November 2008, the UK standard VAT rate shall decrease from 17.5% to 15% with effect from 1 December 2008 (until 1 January 2010). The key issues in repsect of this change are detailed in this report.

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