20% VAT Rate - 4th January 2011

Don't forget to modify your company parameters ready for the VAT increase from the 4th of January 2011.

• Use the Company Details program (Maintenance, Parameters, Company details) and the VAT information tab to set up a new VAT rate.
• Change your default sales ledger VAT code from the 4th of January 2011.
• Change your default purchase and/or subcontractor VAT rates as soon as you start processing January invoices.
• Applications and certificates have their own VAT code defaults (Calc'n Rules).
• WinStock users can find a special utility (Maintenance, Set VAT codes) for changing the VAT code of stock items and existing orders.
• The VAT report will handle any new VAT rates without any amendments.

If you need any assistance, please call our support team on 0844 880 4000.

And wishing you and yours, a Merry Christmas and a Happy New Year.