HMRC extends VAT reversion deadline for some firms
HM Revenue & Customs (HMRC) has announced an extension to the VAT reversion deadline at the end of the year for certain businesses, such as pubs, clubs, restaurants and hotels, and mobile phone operators.
It says that these businesses will be able to charge the 15% VAT rate until 6am on New Year's Day, rather than midnight on New Year's Eve as was previously required. The extension is limited to those businesses that are open at midnight on 31 December 2009 and account for VAT at the point of sale.
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http://www.accountancyage.com/accountancyage/news/2252631/hmrc-freezes-vat-retailers
