The standard rate of VAT is returning to 17.5% on 1 January 2010 how do you apply it in Sage 2010
The customers will need to apply the 17.5% rate to all sales of standard rated goods and services taking place on or after that date.
What you should apply the new rate to:
- All takings received on or after 1 January 2010
- All VAT invoices you issue to other VAT registered businesses on or after 1 January 2010
check further details on www.sage2010.com
