Solicitors' bills and VAT
Those involved in the world of legal costs will be dreading VAT reverting to 17.5% in 2010 and the difficulties this will cause in relation to bill drafting.
On the subject of VAT, another video from Colin Berry, this time about solicitors’ bills and VAT:
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I’m no expert on VAT regulations but I suspect the answer may lie in the fact that the bill is headed “Interim Account”.
I again hasten to add that the views expressed by Mr Berry are his own and not those of the Legal Costs Blog or anyone associated with it.