All change with Mr Darling
So the Chancellor has made his pronouncements in what must be some of the worst kept secrets of the pre-budget report ever! The headline-grabbing changes in VAT and income tax were there, as predicted, along with a number of other measures targeted at increasing spending and getting the economy going again.
Of interest to COA Solutions is the pronouncement that VAT will decrease to 15% as of “next Monday, December 1st”. This requires a number of very quick changes to be made to financial systems, putting rates down from 17.5% to 15% and considering the implications for partially-rated VAT. We will be putting a briefing paper on our customer portal shortly, advising all our users how this pre-budget report will affect them and what changes they should be considering.
Amidst all this pre-Christmas cheer (extra money for all!), we continue to provide solutions for our clients aimed at reducing costs and improving processes and competitiveness. As organisations continue to look at the real cost of employment and consider the possibilities of restructuring, we provide a graphical overview of how pre-defined KPIs can help your organisation move forward. Click here to view this new, fully interactive overview of Corporate Analytics.
If you are having trouble borrowing money at the current time, at least you can find out where you can save money internally!
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Tags: budget, corporate analytics, darling, savings, vat