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Major VAT changes in January 2010
If you currently use
Horizons or Foundations XP then your software can already cope with
the change to the VAT rate.
This is done by
editing the VAT percentage rates in System Control on 1st January
2010, you will then need to edit any relevant batched invoices in
the sales and purchase ledgers, as well as recurring VAT journals,
followed by batched Sales Orders and batched Purchase Orders in
order for the VAT value on these transactions to be recalculated at
the new rate.
Although the document
primarily relates to Dimensions and Dimensions Lite, advice on how to
change the VAT rate is outlined in the main part of the PDF document
here, and applies equally as well
to Horizons and Foundations XP.
If you currently use
Horizons and need the new EC Sales List and EU Services Reverse
Charge VAT functionality then you will need to upgrade to Horizons
version 4.00i.
Version 4.00i is
available to all Horizons users with a current Annual Licence.
Please contact Caletech to request an upgrade or to discuss your
requirements in more detail.
If you have questions
about any aspect of the VAT changes please contact Caletech.
To return to the VAT
change summary page click
here.
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