Standard VAT rate reverts to 23% on 1 March 2021

The standard VAT rate is reverting to 23% with effect from 1 March 2021.  The temporary reduction from 23% to 21% was brought in as part of the Government July stimulus package for six months only from 1 September 2020.  

Businesses should ensure their systems are updated to reflect this change.

If you require assistance with any tax requirements, please contact a member of the Casey Stephenson tax team.

Laura Dillon

Head of Taxation