OPSIS News & Info

This article is intended for the Bookkeeper / Cashier / Administrator within your business who uses any of the OPSIS Products:-

• Millennium Accounts,
• Millennium Solo or
• Solicitor Case Manager (SCM / PMS / SPS)

UK & Ireland VAT Rate Changes - 1st January 2010

It is now 13 months since the British government reduced the Value Added Tax (VAT) from 17.5% to 15% and we are fast approaching the time to reverse this, which is due on 1st January 2010.

Due to the change in VAT announced, you will need to adjust the standard VAT rate in Millennium Accounts and/or in Solicitor Case Manager.

Two PDF documents detailing the method to change VAT Rates back up to 17.5% have been created for your convenience:-

Before you make any such change in Millennium Accounts, ensure that all of your postings in the current period which have the current standard VAT rate of 15% applied to them are posted.

Click here for Millennium Accounts UK VAT Rate Change 2010 document

If you have Precedents and Case Details (UD fields) which automatically calculate the VAT it is necessary for both of these areas to be amended, in all precedent Starter Packs, and any additional precedents or case details you may have created which utilise VAT formulas:-

Click here for Solicitor Case Manager UK VAT Rate Change 2010 document

Please contact our Helpdesk if you require further advice.

You will also find these documents in the relevant Resources section of the OPSIS Support website: http://support.opsisltd.co.uk

Yours sincerely
OPSIS Support Team

Posted on December 14th, 2009 under OPSIS Support, Resources • Tags: Accounts, Millennium, OPSIS Support, Resources, SCM, Solo, VAT. •  Print This Post •  Email this Post • RSS 2.0 feed • Leave a response, or trackback