VAT Rate Change in January
PLEASE READ THIS FIRST
The procedure detailed below will change the following within JobLogic:
1) Automatically update the default Taxcode from T1 (15%) to T1 (17.5%)
2) All existing customers and suppliers that are currently set to T1 (15%) will be changed to T1 (17.5% VAT)
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.
If you are unsure what this means to your business please speak to your accountant before executing.
How to change your JobLogic VAT Rate from 15% to 17.5%.
First download the following file: VAT Upgrade Tool to a computer that has JobLogic installed on and follow the instruction below.
1. After Downloading double-click (available from link above).
2. Select the dataset that you wish to change the VAT rate for
3. In the box 'Change VAT Rate From' enter the old VAT rate (without the '%') ,for example 15
4. In 'To' box enter the new VAT rate, example 17.5(without the '%')
5. Click Update to start the VAT modification process
6. Click Ok to finish the VAT change for the selected dataset.
7. You can either close the program or select another dataset to modify.
If you have any queries or questions please call support on
0121 250 1028
Kind regards Support Team
