Archive for November, 2008
UK VAT Rate Change
From the 1st December 2008, the standard rate of VAT will be reduced to 15%. The measure was announced by the Chancellor on Monday 24th November 2008, in his pre-budget statement.
All Fashione customers will need to reduce the VAT rate using the parameters module, before Monday morning. If you need any assistance, please contact our support team.
Source: HMRC
Tags: VAT
Ireland VAT Raise
The Irish government has confirmed it is to increase the standard rate of VAT from 21% to 21.5% as of 1st December this year.
Fashione customers will need to change the existing VAT rate on the evening of Sunday 30th November. This will ensure all point of sale computers are updated overnight.
Sources: AccountancyAge and ICAI