Budget 2010 –
The increase in VAT at the last budget is being reversed from Jan 2010
The standard VAT rate will go down from 21.5 per cent to 21 per cent.
The standard rate of VAT will be reduced from 21.5 to 21 per cent with effect from 1 January 2010. This decrease will apply to all goods and services which are currently subject to VAT at 21.5 per cent