The U.K. VAT (Value Added Tax) changed on January 1, 2010 back to 17.5%. The UK VAT rate had been set at 15% for 2009. Her Majesty’s Revenue and Customs have a page showing the change. This was a temporary reduction made by the Chancellor of the Exchequer, Alastair Darling, after the global recession set in to help spur economic growth. For more information check out Bloomberg. Many UK retailers used the last few weeks of 15% VAT rate to help add extra savings to promotions and discounts.
For more information on VAT and importing into the UK, see our guide - import into the UK.
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Nate Gilmore
Nate oversees our channel development and developer network, as well as our marketing and public relations. Previously, Nate was at Concentric, acquired by XO Communications, where he ran product management, sales and marketing. Over his six year career with Concentric, he developed dozens of new business channels, by initiating new products for small- and mid- size businesses, developing partner programs for those products, and working with web developers and systems integrators to provide ongoing support of those products. Nate has also held various legal positions in intellectual property and business law. He holds a B.A. in History, and a J.D., from Santa Clara University.
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