Businesses must balance VAT rate change decision, says expert
Small businesses must balance the cost of changing all their prices with the cost of absorbing the VAT increase when the rate reverts to 17.5% at the beginning of 2010, a legal expert has warned.
Nigel Smith, professional support lawyer at law firm Charles Russell, told BAD News that business owners must make a choice between changing all prices or keeping prices the same and absorbing the VAT increase themselves.
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http://www.betterbusinessadviser.co.uk/public/917.cfm
