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VAT Changes - 26/11/2008

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LiveOak is to reduce VAT rate to 15% on all invoices raised on or after 1 December 2008

VAT Changes

In his Pre-Budget Report on 24 November 2008 the Chancellor announced that the standard rate of VAT will be reduced to 15% on 1 December 2008.  In accordance with this, LiveOak will be immediately passing on this rate cut to its clients on all invoices raised on or after this date, helping to effectively reduce inventory costs during this difficult time.