From 1 December 2008, the standard rate of VAT will decrease from 17.5% to15%. This article explains how this change affects Sage Accounts and what you need to do. There are many Sage users would need help to migrate from 17.5 % to 15 % 

This article explains on steps to do the same

To change the VAT rate in Sage Accounts

To change the standard rate of VAT in Sage Accounts, you should edit the standard rated tax code, T1 by default.

Note: You should make this change on 1 December 2008.

1. Open the Settings menu, choose Configuration then click the Tax Codes tab.

Sage Accounts v9 and below – Open the Settings menu then choose Tax Codes.

The tax code information appears as below

2. Select T1 then click Edit.

Note: If you use a different tax code for your standard rate of VAT, select the relevant tax code then click Edit. The Edit Tax Code window appears.

3. Enter 15 in the Rate box then click OK. The Edit Tax Codes window closes.

4. To apply the change, and return to the Sage Accounts desktop, click Apply then click Close.

Note: The following are not affected by the change in VAT rate:

    Zero rated goods, for example, basic foodstuffs, children’s clothing and children’s footwear.

    Goods and services subject to VAT at the reduced rate of 5%.

We have software / services and develop bespoke applications on Sage line 50 as per your requirements.

Tags: Sage Line 50, Sage VAT UK