Holden Associates – Accountants & Business Advisers Blog

Thanks to our friends at winweb here is guidance on dealing with the VAT Rate change on our winweb online accounting software:

The preset VAT rate, in OnlineOffice, will be changed to 15% on 1st December 08.

If you have any transactions to post with 17.5% VAT, please go to VAT and Tax > Tax Settings & change the VAT rate for Code ‘S’, Description ‘Standard’ to 17.50 & click Submit. For CashBook users, the VAT & Tax module is located under the Accountant tab. You will then need to use VAT and Tax Settings to change the standard rate back to 15% for transactions after 1st December 08.

When posting transactions, continue to select ‘Standard’ & either 15% or 17.5%, depending on the rate set in Tax Settings, will be calculated automatically for you.

It is important not to add a new VAT rate on Tax Code & Rates page as new codes added here are NOT included on your VAT Return page.

Winweb have a knowledge base that has answers to many questions when using winweb.