VAT Rate Change Help Sheet

Following the Chancellor’s pre budget announcement on 24th November the UK standard VAT Rate will be changing for 13 months from 17.5% to 15% due to the current economic climate. This change will take effect from midnight on 30th November 2008. This change is applicable to all items charged at Standard Rate of VAT.

To implement this change on your KCPOS or KC Ecommerce solution you need to do the following depending on your accounts package but the changes which are applicable are all the same. This change MUST be done prior to you starting trading on 1st December, after a complete back up and must be completed in full.

KC Back Office Accounts

Ensure all users are out of the system. Go to Utilities – System Set Up – VAT Rates.
Edit the standard rate and change to 15%.
Select Save.
Now follow the instructions over the page to apply the change to your retail systems.

Pegasus Opera II

Ensure all users are out of the system.
Go to System – Maintenance – VAT Rates.
Edit the Standard rate and change it to 15% and the date effective to 01/12/2008.
Select Save.
Now follow the instructions over the page to apply the change to your retail systems.

Iris Exchequer

Ensure all users are out of the system.
Go to Utilities – System Set Up – VAT Rates.
Edit the Standard Rate and change to 15%.
Select Save.
Now follow the instructions over the page to apply the change to your retail systems.

Sage Line 50

Ensure all users are out of the system.
Log in as the Manager user and go to Settings – Configuration – Tax Codes.
Change the T1 code to 15%.
Select Save.
Now follow the instructions over the page to apply the change to your retail systems.

NOTE : CHECK HOW YOUR PRICES ARE HELD IN YOUR ACCOUNTS SYSTEM.
VAT INCLUSICE PRICES WILL NOT CHANGE.
VAT EXCLUSIVE PRICES WILL REDUCE BY 2.5%

Retail Support: 01724 400323

Email: retailsupport@hbpsystems.com