change

A Guide to Managing Change in Your Business

A Guide to Managing Change in Your Business

Change is inevitable in business. Even if you are staunchly resistant to it your environment will change around you and you will be left behind. Driving and monitoring change in your business constantly is, therefore, essential. Making change before you are forced to can see you gain an advantage over your competitors, and bringing about a culture of constant innovation can take your business to an entirely new level. This article will give you a rundown of how to manage change in your business, including how to identify where change is needed, preparing for and implementing change, and creating a long-term culture of change in your business. How do I know what to change in my business? Rarely is change not needed in business, but it can be difficult to identify what needs changing and wha... »

VAT – Guide to the Change in the Standard Rate

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. This guide sets out the key points which businesses need to be aware of as they implement the change. It also tells you where you can get further information. A copy of this guide is being sent to all VAT-registered businesses in the UK by the HMRC. What do I have to do? For any sales of standard-rated goods or services that take place on or after 1 December 2008 you should charge VAT at the new rate of 15%. This means that cash businesses which currently calculate their VAT using the VAT fraction of 7/47 should, from 1 December, use the new VAT fraction of 3/23. Which of my sales are affected? Only standard-rated sales are affected. There are no ch... »