Have you remember to change the VAT rate on your invoice templates, spreadsheets and accenting software?
The VAT rate reverted to 17.5% on the 1st January this year but have you implemented the change?
Make sure everyone in your company is aware of the increase to ensure quotes etc are made with correct figures.
If you collect deposits make you system can handle the two rates as the 15% rate will apply to any deposits collected before 1st January and the 17.5% rate will apply to the balance.
Haven't got time to change all your templates etc?
I know an officebird that can help!
Thursday, 7 January 2010
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