Mullen Stoker

Chartered Accountants in Durham

Call Us Now 0191 374 0300

VAT Rules Changing for Promp Payment Discounts (PPD)

In last year’s Finance Act it was announced that the VAT rules for dealing with prompt payment (or early settlement) discounts would be changing from 1 April 2015. HMRC have now issued brief 49/2014 setting out guidance for businesses affected by the change, many of whom may need to change their invoicing procedures. The change […]