In response to the VAT changes announced by the Chancellor on the 24th of November, which took effect from 1st December 2008, PPL provide the following frequently asked questions and answers on how the VAT change may impact your PPL Licence.
- Q1 I want to buy a new licence, what VAT rate will be charged?
All invoices raised from the 1st January 2010 will be charged at the current rate of 17.5%.
- Q2 I have an unpaid invoice dated prior to the 1st January 2010, what VAT rate will be charged?
- All invoices raised after the 1st December 2008 and prior to the 1st January 2010 have been charged and should be at the temporary rate of 15%.
- Q3 I need to amend my music usage, what VAT rate will be charged?
- All invoices and credit notes raised from the 1st January 2010 will be charged at the current rate of 17.5%.
- Q4 I need to cancel part of my licence, what VAT rate will be charged on my credit note refund?
- All credit notes raised from the 1st January 2010 will be charged at the current rate of 17.5%.
- Q5 I have received a renewal invoice before 1st January 2010, but my licence starts after 1st January 2010, what VAT rate will I be charged?
- All invoices raised after the 1st December 2008 and prior to the 1st January 2010 have been charged and should be at the temporary rate of 15%, it does not depend on the licence renewal period.