OPSIS News & Info

OPSIS News & Info

Welcome to the OPSIS Blog for news on our Legal Case Management, Accounting & Time Recording Software and Services

OPSIS News & Info RSS Feed
 
 
 
 

VAT Change: Law society updated advice and SDLT

OPSIS recently provided information relating to the 1st January VAT Rate changes and what needed to be done in our flagship products Millennium Accounts and Solicitor Case Manager.

The Law Society recently announced they have updated their Practice Notes in advance of the return of the VAT rate to 17.5 per cent on 1 January 2010.

The notes advise on charging the correct rate of VAT on the services you make both before or after 1 January 2010 and how to deal with those services that you started before but completed after the rate change.

Some queries have been raised by law firms to the Law Society in relation to paragraph 7.1 of the Practice Notes, and whilst the Law Society are seeking to clarify the position with HMRC Stamp Taxes and HMRC VAT you should refrain from making claims for repayments of SDLT. This will be resolved in the new year.

This does not currently involve any further changes in OPSIS products.

Click here to read the Law Society news article

Was this post useful? Share it:

Leave a Reply


Comments links could be nofollow free.
Subscribe

Search this Blog

News Diary

February 2012
M T W T F S S
« Jan    
 12345
6789101112
13141516171819
20212223242526
272829  

Recent Posts

Pages

Categories

OPSIS Support

OPSIS Sales

Resources

Archives

RSS Posts from Internet Newsletter for Lawyers

Meta

Spam Blocked