October 5, 2011

Going over to VAT

The time has come we are sorry to say, the company Host Media UK has reached its UK limits for registering for VAT (Value Added Tax). This is something we have been working hard to avoid by working with smaller companies and international companies but we are legally bound by law to charge the extra 20% on all invoices.

What does this mean

The UK VAT (Value Added Tax) is currently set at 20% (Oct 2011) this means all prices will be increased by 20% when at the checkout stage.
For example: £10 hosting will now be £12 / £100 hosting will now be £120 etc.

Good news for VAT registered companies/customers

For the many of our customers who are VAT registered businesses it means they will be able to declare VAT expenses from us which will give them extra savings when using our services.

When will this happen?

We are currently speaking with our accountants who are preparing all necessary paperwork to sign that we will be fully VAT registered. This will be going through in a months time, but a detailed email will be sent to all customers to let them know of the change. Our website will be updated to have ‘Excluding VAT‘ under all prices to make our customers aware of the change.

We know this increase is an annoying element to businesses, we do not wish to have to charge the 20% VAT but as we are a legal registered trading company we are bound by law to be VAT registered.

If you have any questions or comments please do let us know, you can contact the management team on a support ticket and they will be more than happy to answer your questions.

Thank you for your understanding and with the increasing company size of Host Media UK we hope to be able to offer much more to our customers in the future.

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