In the UK and Ireland the standard VAT rate will change on 1st December;

• The UK VAT rate will change from 17.5% to 15%


• The Ireland VAT rate will change from 21% to 21.5%

How does this affect you?

Companies that are VAT registered in the UK or Ireland will need to update their accounting systems to accommodate the new VAT rates that are applied to invoices.

In addition, if you receive invoices from customers in either the UK or Ireland, you will need to ensure that your accounting systems are set-up to accept the new tax rates.

The new VAT rates apply from 1st December 2008.

How can you manage this change?

If you have a standard accounting system in place, it is best to take your providers advice on how to manage this change and ensure your invoices show the correct rate.

If you send your invoice data electronically through a dedicated connection you need to ensure that your systems are updated with the changes and that your customers can process the new VAT rates.

With electronic invoicing from OB10, we manage this complex process on your behalf.  As the leading gobal e-Invoicing network, our ANY-TO-ANY DATA FORMATTING ensures that you connect to OB10 we then ensure the connection between suppliers and their customers.  You may not have time to switch to OB10 for this change, Contact Us to understand how OB10 can help to reduce costs, improve efficiency and help in times of change.