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
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