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Major VAT changes in January 2010
From 1st January 2010, a large number of legislative changes are
being introduced which have the potential to impact your business.
These changes are:
VAT rate
From the 1st January, the VAT rate reverts back to 17.5%. All
invoices raised on or after this date, must use the new VAT rate.
EC Sales List
The format, frequency and deadlines for submission are all
changing.
Trading services with the EU
If you buy and sell a level of services with other EU countries,
then new VAT rules come into effect from 1st January. Your software
will need updating to cater for these new requirements.
Further background information on the forthcoming changes is available in a PDF document
available
here.
What do you need to do?
The action that you will need to take depends upon the version
of Access software that you are currently running. You may not need
to make any changes to your software at all. In some cases, you may
need a full software upgrade, but in a majority of cases, a simple
service pack may be all that is required.
Register Your Interest
We have created a form which will enable you to register your
interest with us so that we can determine the best way to provide
you with support. Please click
here for the form.
Specific Information Relating to Your Version of Access Accounts
We have described the
options available to you to help with the VAT changes
on the following pages:
Dimensions and
Dimensions Lite users click
here.
Horizons and
Foundations XP users click
here.
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