Changes to the UK VAT Rate

admin — Tue, 25 Nov 2008 10:22:00 GMT

In reponse to a number of questions, the procedure to change the VAT rate from 17.5 to 15% is as follows:

Note: to make the following changes, ALL users must be logged out of the system

In the HLMSW Configuration Editor, select the Edit Invoice/Credit Defaults button on the System Defaults tab.

Select the VAT line and click on the EDIT key

Change the value to 15% and save the changes.

It is important to note that previously entered transactions with the 17.50% VAT rate will not be altered until you edit the invoice details.

Please check the invoices BEFORE printing.

This change should only be made before any invoice is created on December 1st.

Peter Grimshaw

Other HLMSW Configuration and Settings