VATs Not Very Nice

We have talked over the issues surrounding the reconciliation of contracts, and the “protocol” for this negotiated between the LSC and TLS some time ago.
In the above link we raise the issue of the difficulty and time required to achieve an upward revision of SMP. Friend of this site, and CLSA Director, Rodney Warren has just spotted a further difficulty surrounding the recent VAT increase. No, your SMP will not receive a concomitant rise and on his calculations it could take and average firm years to get to a situation where this will be resolved under protocol calculations.
TLS are having a look at this – watch for updates.

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