VAT Changes

The following changes are taking place with service prices. Starting on the 1st of January 2011 new government regulations in Latvia, Poland, United Kingdom, Portugal, Slovakia and Switzerland will change the rate of value added tax (VAT).

From 1st of January:
* VAT in Latvia will be 22% (currently it is 21%);
* VAT in Poland will be 23% (currently it is 22%);
* VAT in United Kingdom will be 20% (currently it is 17.5%);
* VAT in Portugal will be 23% (currently it is 21%);
* VAT in Slovakia will be 20% (currently it is 19%);
* VAT in Switzerland will be 8% (currently it is 7.6%). Read more...