Client Area · 0114 299 4050
View Services

How to Change the Sage VAT Rate

How to Change the Sage VAT Rate
From the 1st of December, the VAT rate for businesses is 15% rather that 17.5%, this guide shows you how you can change the VAT rate on Sage Instant Accounts.

From the 1st of December, the VAT rate for businesses is has changed from 17.5% to 15%. Sage have published a rather useful PDF which details the changes. This is a simple guide to help you through these changes.

To change the VAT rate from 17.5% to 15% in Sage Instant Accounts:

1. Open Up Sage Accounts.

2. From the Menu, Select "Settings", and then "Configuration"

 

3. In the Configuration menu,  select the "Tax Codes Tab" and then Select T1 (or your standard Tax Code), and Click "Edit"

 

4. In the "Rate" box, change this from 17.50 to 15.00 and Click OK.

 

Your VAT code is now changed - make sure you don't change this before the 1st of December!

Notes:

We have done this guide on Sage Instant v12, whilst  the older and newer versions of Sage are very similar there may be small differences - If in doubt, please contact your accountant.

< Back to Blog

Popular Posts:

Comments

Please leave a comment



Allowed tags: <b><i><br>



emergency it response: 0114 299 4050 View PAYG Options