VAT Rate to Change to 15% on Monday 1st December 2008

• Do you know how to change the VAT rate on your Accounts Software?

• Do you sell goods and/or services on the internet?

• Do you use Excel for your VAT returns or any other financial reporting and forecasting?

• Do you use any other software packages to calculate net and gross VAT figures?

• Do you produce invoices and quotations with VAT amounts displayed?

If the answer to any of the above is YES ask yourself these questions:-

Q. Am I confident to make the required changes to my VAT system on Monday morning to ensure we are trading without liability from incorrect VAT calculations?

Q. Do I know how to process supplier invoices dated on or before 30/11/2008 and received after 01/12/2008 once my VAT rate is changed to 15%?

Q. Am I aware that my ecommerce site will need to be updated at 00:00:01, 1 second past midnight, on Monday morning to comply with new regulations?

Answer:

Here at Clive Owen & Co LLP we have the expertise and experience to help you navigate through the changes in VAT legislation ensuring you and your company are ready for the change.

Contact us now before it's too late

Please contact us at your local office:-

Darlington: 01325 349 700 • Durham: 0191 384 2244 • York: 01904 784 400

Or by email vat@cliveowen.com

Back to news page