Summer 2009 Newsletter Content Pot and kettle No more stealth Pensions hit A place in the sun Ready or not... Nice motor Making allowances Good times, bad times Tax-free checkup Three square meals Funny question Dividend rules OK? Too good to be true? Pay my friend Early EIS Mind the halfpennies Just the ticket Flat rate changes Foreign Service This year, next year Partial exemption Penalties Compliance checks Under their eye Howzat? Know your rights Discipline Don't be mean Redundancy Two sorts of absence Warranties

This year, next year The VAT rate is currently 15%. We know that it will go back to 17.5% next January. If you can't recover VAT on your expenses, can you get charged at the current rate for things you will only need next year? Yes, to some extent - but there will be rules to stop some of the more blatant devices such as issuing a tax invoice and then not collecting the money for more than six months. If you want to take advantage of the lower rate before it goes, it's worth checking that you won't be caught by these rules - we can tell you what's caught.