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VAT rate change

As of 4 January 2011 the UK VAT rate is 20%.

In theory changing your Sage 50 VAT rate to 20% is simply a case of changing the VAT code currently set to 17.5% to 20%:

• Select Tools menu
• > Configuration
• > Select Tax Codes tab
• > Select default tax code (normally T1)
• Select Edit
• Change Rate from 17.5 to 20 then select OK
• Select Apply
• Select Close

The above instructions show you how to change the VAT rate. Before making immediate VAT code changes, you should consider how you will deal with sales invoices dated before 4/1/11 which have still to be updated, or purchases at 17.5% VAT which have still to be entered onto your system.

See more detail on changing VAT codes in Sage accounts software.

Want more Sage help?

I can offer detailed telephone, remote, and on-site support to help change your Sage system VAT settings.

Telephone and remote support costs £5.75 per five minutes. Payment by credit or debit card.

Remote support is via TeamViewer remote connection software, to use simply download the free TeamViewer client. Call us on 01595 880503 during office hours, and we can talk you through the solution needed for your system.

Click link to download TeamViewer support software, select run when prompted.

Remote connection through TeamViewer is a secure remote connection, access remains controlled by you, and since each connection generates a new password seen only by you, additional sessions are not possible without your consent. Find out more about Teamviewer

Contact me to book your appointment.