You can't have missed today's news that Chancellor Alistair Darling has cut the rate of VAT to 15%. Great news for all of us I'm sure you'll agree as we're all now counting our pennies. The VAT change takes effect from 1st December 2008 and will last until the end of 2009. We're pleased to confirm that we will pass on the benefit of this reduction to all of our customers, including our broadband subscription and phone packages. Existing customers' subscription charges will also be charged with the new VAT rate. Our official statement is as follows: 'The chancellor has announced that the VAT rate will be reduced to 15% from 1st December 2008 until the end of 2009.Plusnet will pass on the benefit of this reduction to all our customers from 1st December including subscription contracts signed from today.It is Plusnet's intention that all customers will benefit from the change to VAT, even where those customers have been billed or paid in advance for services to be consumed from 1st of December, and we will be adjusting customers' bills as appropriate.' We'll keep you informed with updates here on the Community Site as soon as we have them.