How Do I Change VAT to 20% Sage 2010

To change the VAT rate in Sage Accounts

To change the standard rate of VAT in Sage Accounts, you should edit the standard rate tax code, T1 by default.

Note: You should make this change onĀ 4 January 2011.

  1. Open the Settings menu, choose Configuration then click the Tax Codes tab.The tax code information appears.
  2. Select T1 then click Edit.Note: If you use a different tax code for your standard rate of VAT, select the relevant tax code then click Edit.

    The Edit Tax Code window appears.

  3. In the Rate box, enterĀ 20 then click OK.The Edit Tax Codes window closes.
  4. To apply the change and return to the Sage Accounts desktop, click Apply then click Close.Tip: If you are prompted to save your changes, click No.

About mclark

20 years, Computer Engineer. Bsc Hons Computer Science, Durham Uni.
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