Neopost Limited

Neopost Limited

November 30, 2010 05:01 ET

Neopost-Smart Solutions for VAT on Postage

LONDON, UNITED KINGDOM--(Marketwire - Nov. 30, 2010) - The government has recently announced that VAT will be introduced on selected postal services from January 31st, 2011.

Neopost, the UK's leading mailroom equipment supplier offer a range of smart franking solutions which can manage these new changes in postal services.

Most Royal Mail customers will be unaffected by this change, since most services will stay exempt from VAT, like First and Second Class stamped and franked mail and standard parcels. All the products that are going to attract VAT from 31st January, 2011 can be found at www.Neopost.co.uk/VAT-ON-POST

If you have a franking machine and plan to use the VAT liable services you need to consider whether you have the right franking solution for your business. The right solution will depend on your mail volume, whether you want to reclaim VAT and what franking machine you operate (some models cannot report the information required by HMRC).

Handling VAT on postal services requires a smart technology franking solution to produce a monthly VAT statement. Neopost's IS franking machines have the very latest smart technology to meet the mailroom needs of small to medium-sized businesses both today and in the future - advanced yet cost effective, reliable and affordable.

The modular design of IS franking machines delivers maximum mailroom efficiency and the flexibility to adapt to future needs. LAN connectivity ensures postal rate change updates are easily handled, while postage re-crediting and system upgrades happen almost instantaneously. Advanced software ensures changes in Royal Mail services and pricing, such as VAT are easily handled. 

To find out more about VAT on post and Neopost's IS range of smart franking machines, visit www.Neopost.co.uk/VAT-ON-POST.

Notes to the Editor:

About Neopost

Neopost is the UK's and Europe's number one supplier of mailing solutions. It has a direct presence in 18 countries, with 5,500 employees and annual sales of €913 million in 2009. Its products and services are sold in more than 90 countries, and the Group has become a key player in the markets for mailroom equipment and logistics solutions. Neopost supplies the most technologically advanced solutions for franking, folding/inserting and addressing as well as logistics management and traceability. Neopost also offers a full range of services, including consultancy, maintenance and financing solutions.

Neopost is listed in the A compartment of Euronext Paris.

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