Sage: Upcoming Legislation Changes

Sage: Upcoming Legislation Changes

There are a number of upcoming changes that will affect Sage software in different ways. It’s essential Sage users are aware of these changes and have all of the information you need to hand, ensuring you can ensure you are ready for these changes.

VAT rate change

VAT rate change

Some transactions that you would normally record at 20% VAT may now be at a reduced rate of 5% VAT. There is already a 5% VAT rate in Accounting called Lower Rate, and in most cases you just need to change affected transactions from Standard to Lower Rate.