Autumn 2009 Newsletter Contents Tin Hats Required Trust In Money Beat The Hike Expenses A - Z On The Job Training Pay In Lieu Pension Pot Opportunity Knocks ISAy ISAy ISAy Fair Exchange? Scrappage The Value Of IR35 Loss And Profit End Of The Holidays Da Vinci Or PAYE? Last Orders Foreign Peril Quadruple Entry It's A Date All Change Good Health! O Lucky Man! Be Prepared An Inspector Calls SA Or Not SA? Now You're Asking I Only Work Here You Want It When? Dirty Laundry? No Smoke Without Fire Corporate Manslaughter

Last Orders The VAT rate is going back up to 17.5% at midnight on 31 December 2009. This could be tricky for businesses which are in the middle of making VATable sales at exactly that moment - while everyone in the pub is linking hands for Auld Lang Syne, the bartender would have to be changing all the prices. A government minister has announced that the old rate can be used for a few hours afterwards - so the VAT problem comes with the hangover in the morning rather than in the middle of the night!