Important changes to VAT
As you may already know the Government has announced a cut in the standard rate of VAT from 17.5% to 15% with effect from 1 December 2008.
We understand that this change will affect your JobLogic software and we would like to help and support you as you prepare for the transition
What you need to do
We have written an update that will need to be executed on 1 December 2008. For further instructions on how to apply the update please visit the following link:
What will the update change within JobLogic?
1) Default tax code will change from T1 (17.5%) to T1 (15%)
2) All existing customers, suppliers, stock and parts that are currently set to T1 (17.5%) will be changed to T1 (15%)
Once the update has been applied, VAT to any new transactions will use the new tax code. All existing transactions remain unchanged at the old rate of VAT.
What happens if I still have jobs in my system that need invoicing at 17.5% after the update to 15%
You will need to setup a new tax code within JobLogic and assign this code to the costs within the job. For further advice please contact our support department on: 0121 250 1028.
Potential JobLogic report issues
Once the VAT update has been applied we urge all of our customer to check any reports that may display or calculate VAT. It is possible (but rare) that bespoke reports could have been designed with a 17.5% VAT rate written in to them. If in the event you discover a discrepancy after applying the update please contact our support department for further assistance on: 0121 250 1028.
Kind regards Support Team
