Then the general VAT rate could be cut a bit!

He called for a cut in the rate of VAT.

VAT rates can change, but if they do the calculation methods remain the same.

To do this, you need to know the rate of VAT for particular items.

It's also your responsibility to apply the right VAT rate.

However, following a VAT rate change you will have up to 28 days to adjust your prices.

The rates of VAT would have to go up from 15%, and the figures are discussed later.

Generally such supplies will be subject to the standard rate of VAT.

If you've been charged the wrong rate of VAT, then you can't claim.

A change in VAT rates might have helped stimulate spending.