It was announced in yesterday’s pre-Budget report that VAT will be reduced from 17.5 per cent to 15 per cent, from 1 December 2008 until 31 December 2009.
All our Business SMS and other services are VAT rated.
We are still awaiting final clarification on how these rules will be applied but we anticipate that we shall be applying this revised rate of 15% on all applicable invoices generated from 1 December onwards.
Similarly, we will ask all suppliers, including self-bill Premium Rate SMS customers to apply the reduced rate on all invoices to us from this date.
All our Business SMS and other services are VAT rated.
We are still awaiting final clarification on how these rules will be applied but we anticipate that we shall be applying this revised rate of 15% on all applicable invoices generated from 1 December onwards.
Similarly, we will ask all suppliers, including self-bill Premium Rate SMS customers to apply the reduced rate on all invoices to us from this date.
