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The VAT rate is going back up to 17.5% at midnight on 31 December 2009. This could be tricky for businesses which are in the middle of making VATable sales at exactly that moment - while everyone in the pub is linking hands for Auld Lang Syne, the bartender would have to be changing all the prices. A government minister has announced that the old rate can be used for a few hours afterwards - so the VAT problem comes with the hangover in the morning rather than in the middle of the night!