Following the announcement by the Chancellor in the recent budget, Proteus has been helping our customers to be ready for the changes in VAT rates which come into effect on 1^st December.  The rate is changing from 17.5% to 15% from 1^st December 2008 but will change back to 17.5% on 1^st January 2010.

Only standard-rated sales are affected. There are no changes to sales that are zero-rated or reduced-rated for VAT. Similarly, there are no changes to the VAT exemptions.

Proteus customers are delighted how we have been able to help them with advice, recommendations and support.

If you require any further information on the VAT changes please contact HM Revenue & Customs on

0845 010 9000

http://www.hmrc.gov.uk/pbr2008/measure1.htm