Today there was a change announced in the rate of VAT from 17.5% down to 15%. Whilst this may seem a minor change, many businesses are unaware how many aspects of their day to day business life this will change. What about your financial software? Do you know how to change the rate of VAT? Do you quote letterheads include the words VAT at 17.5? Do you know how to update the settings on your EPOS systems or tills? Do you trade from your website and do you have calculations automatically made for VAT? All of these things will need changing by 1st December. Systemagic have already started preparing to contact all customers to ensure that they've thought through the changes that need to be made to their websites and online systems and their inhouse software. If you're unsure about any aspect of your business and how the change in VAT will affect you then get in touch with our technical team on 01225 426800 and we'll be pleased to advise you.
