In order to ease the economic strain, the UK Government announced that it will change UK VAT from 20% to 5% for hospitality, holiday accommodation and attraction admissions starting July 15th 2020 to January 21st 2021. This video tells you everything you need to know about VAT in Sage 200:
- Creating a new VAT Code.
- Amending VAT Defaults in the Sales and Purchase Ledger, including how to manually export/import.
- Amending Defaults in Stock, including manually exporting and importing data.
- Sales Order Processing and Purchase Order Processing considerations
If you need any help with your Sage system then contact our support team on sagesupport@pkfscs.co.uk, or if you would like some more information about which products are best for your business then contact sage@smithcooper.co.uk or fill out the enquiry forms.
