Changing the Vat rate in Sage 50 back to 17.5%

It had been confirmed that VAT will revert to 17.5% from 1 January 2010, after just over a year at the reduced rate of 15%.

You will need to amend the Vat Rate in Sage and any other applications that use a Vat Rate.

In line with our previous advice we suggest changing the main T1 rate back to 17.5% on the first of January 2010. We suggest that you use another T code and set it to the (now) old 15% for old out-standing purchase invoices.

Select T1 and then Edit 

Change to 17.5

Select OK

Then Apply

Finally Close, ( you do not save unles you wish to) 

Now in same way use a unused code and set it to 15% to cover any old purchase invoices that come with the old vat rate and make sure the "include in Vat return" box is ticked.

Blustone Applications

In Code Purple

Thats Vat changes in Code Purple .... Done

Cellar Master , Store Master Stock Master

If you do not link to sage you will need to change it manually

 If you have the Sage links enabled

Code Orange Users

Select the Maintenance button

Tick the "Tax Codes" option and then select "Run"

If you need further information please do not hesitate to contact us.