UK VAT Increase; What Xengo are Doing.

Hi all,

As you are probably aware, the VAT rate in the United Kingdom is being increased on the 1st January 2010 from its present rate of 15% to 17.5%.

Now we’re not economists here at Xengo, but as a business operating in the United Kingdom we are aware of the current economic conditions and the effects that this has on businesses and individual budgets alike.

We have decided that when the VAT rate increase comes into effect from next month the prices we charge for our services will remain the same, though of course we will continue to charge the standard rate of VAT at the time.

(Short version: we’re absorbing the imminent VAT increase and not passing this on to you.)

-Kevin