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.
Head of Taxation