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Remember the standard rate of Value Added Tax dropped from 17.5% to 15.0% on 1st December 2008, to calculate the VAT amount on an inclusive amount the fraction equates to 3/23 (remember at 17.5% this was 7/47)
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115 Chester Road, Sunderland, SR4 7HG. Telephone +44 (0)191 567 8129 Facsimile +44 (0)191 510 0101 enquiries@michael-adamson.co.uk
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