Pre-Budget Report 2009: an outline summary

Changes to the flat rate VAT scheme have been announced in the pre-Budget Report.

The government should consider a rise in the rate of VAT as a way of closing the gap in public finances.

HM Revenue and Customs (HMRC) has sent a letter to VAT registered businesses reminding them to prepare for some important changes to the way that returns must be filed from next April.

A brief look at the options open to the Chancellor in his pre-Budget Report.

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