The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> Book-keeping Software -> Sage 50 global VAT change
Post Info TOPIC: Sage 50 global VAT change
debzinkent


Veteran Member

Status: Offline
Posts: 71
Date:
Sage 50 global VAT change
Permalink Closed

Is there a way to change all my suppliers' VAT rate to 20%?  It doesn't seem to be an option in the global changes wizard.

Or do I have to go into each one individually? hmm

-- Edited by debzinkent on Friday 21st of January 2011 11:53:17 AM

__________________
gbm


Guru

Status: Offline
Posts: 896
Date:
Permalink Closed

Yes, assuming all your clients VAT codes are default to T1, if you go Settings, Configuration, click on the 'Tax Codes' tab and change T1 to 20%.


__________________

 

Regards,
Nick

Website: www.gbmaccounts.co.uk
Twitter

Factsheet | Starting a Business

 
debzinkent


Veteran Member

Status: Offline
Posts: 71
Date:
Permalink Closed

Ah... a small problem in that I've actually created a new VAT code under T3 as I thought it would screw things up if I changed an existing tax code.

__________________
Susie Sue


Senior Member

Status: Offline
Posts: 345
Date:
Permalink Closed

Just go in and change T1 to 20% and T3 to 17.5%

__________________
Sue
Assist Office Services - Bradford Bookkeeper
debzinkent


Veteran Member

Status: Offline
Posts: 71
Date:
Permalink Closed

Thanks to you both for your help. So simple as it turns out!!

__________________
gbm


Guru

Status: Offline
Posts: 896
Date:
Permalink Closed

Like everything, it's easy when you know how!!

__________________

 

Regards,
Nick

Website: www.gbmaccounts.co.uk
Twitter

Factsheet | Starting a Business

 
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> Book-keeping Software -> Sage 50 global VAT change
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About