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VAT rate change
HMRC issued the following interim advice on 4 November 2009:
'Pubs clubs restaurants and other retail businesses remaining open past midnight on New Year's Eve will be allowed to continue charging VAT at 15% on their sales until they close or until 6am on 1 January 2010 whichever is the earlier the Financial Secretary to the Treasury confirmed today.
'Similar arrangements will apply to telecommunications companies in respect of calls and texts made up to 6am on 1 January.
'Financial Secretary to the Treasury the Rt Hon Stephen Timms MP said:
“'New Year's Eve celebrations are a vital source of income for many in the service sector. The Government recognises that...
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