VAT Rate Changes - 20% (from 17.5%)

Due to the recent announcement by the Chancellor, we will be increasing the rate of VAT that we charge as from 4th January 2011.

Any UK or EU customer that was subject to VAT at 17.5% will notice the new rate change on invoices generated/due on or after 4th January 2011.

Pricing on our site is exclusive of VAT and the appropriate rate of VAT will be applied for the invoice however, where indicated, any pricing that includes VAT is based from the VAT exclusive rate and will also increase.

As with the last change, we mirrored the change on both the increase and decrease of the VAT rate. At present, the Chancellor has not announced if this will decrease, or when.

The majority of customers will not need to take any further action, however, there are a small number of UK and EU customers that have active standing orders that will need to be amended. We will be contacting those customers before January.

If you have any questions regarding these changes, please contact us via My XILO.