As some of you may know the cost of VAT is increasing in the UK on January 4th, less than a month away. A couple of years ago this would have been alien to many, certainly in my lifetime the VAT had never changed, it’s always been 17.5%, right? But with the recession it’s yo-yo’d up and down the last couple of years, with the change always coming at the most inconvenient time of the year.
So with the fairly widespread coverage and lengthy time to prepare most companies will surely be well covered to deal with the change in VAT next month. Unfortunately for us this is a little idealistic. After previous experience the bright sparks at Bronco decided to act early rather than wait for the inevitable phone call on the 4th, our first day back to work after 2 weeks off, asking us to make the necessary changes to their ecommerce website.