Business Performance Management

As you will have gathered from the Chancellors PBR 2009 of 24th November 2008, there are some changes to the Value Added Tax rate taking effect on the 1 December 2008 through 31 December 2009:   The rate will be reduced to 15% from 17.5% for that period.

We will, of course, be taking action on this (and any other changes) and will be in touch with our clients to advise of the new sets of charges within the next week.  As the monthly charging period does not start on the first day of the month for everyone there will likely be a stepped reduction in the monthly charges over the next two months and similarly there will be a stepped increase when the VAT rate returns to 17.5%.

Please bear with us as there is significant work involved in these VAT rate changes for all businesses.

BPM.