Please can someone tell me how to add the new VAT code for 15% on SAGE instants V12. Sage did send an e-mail and I deleted it by mistake and must have forgotten to print off a copy for the file.
I have changed it on Quickbooks and was very straight forward and I'm sure its probably straight forward on SAGE.
Any help would be appreciated as just about to start inputting paperwork from 1st dec for the next VAT return.
Not sure about v12 as i am on line 50 v15, but if you go onto settings - then configuration there is a tab there for tax codes where you can go in and change the sr to 15%
Another question about the 15% VAT, if I change it on SAGE V12 as said previously, I found it no problem, from the 1st dec, what if I come across invoices/credit notes from before that, can I go back in and change the code again back to 17.5% or will it automatically alter the invoices put on after the 1st dec back to the 17.5%.
The reason for this is I know theres a query on a supplier that may take a while to go back through and sort out the old invoices/credit notes etc. In the meantime I need to sort the latest invoices out due to the VAT period.
Or the other way I thought which is what I did in Quickbooks, can you set up a new code altogether just for the 15%.
