Do Vat My 2010?

Answer

The standard rate of VAT or Valued Added Tax in the UK was increased in 2010 to 17.5% from the rate of 15% that was set in 2008. The rate however only applies to the standard rate and does not include zero-rated sales or VAT exemptions.
1 Additional Answer
From 1st April 2010, returns on VAT have been submitted online and the payments done electronically. This has been mandatory for all VAT-registered dealers with a turnover of £100,000 or more. It is also effective on newly registered traders despite the turnover.
Q&A Related to "Do Vat My 2010"
The standard VAT rate is expected to return to normal as of 1st January 2010. This means that it returns to the previous 17.5% rather than the current 15%. However there are two exceptions
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1 Be aware that the standard VAT rate is to return to normal as of 1st January 2010. This means that the standard rate of VAT returns to the previous 17.5% rather than the current
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