Sage 50 Vat rate Change for July 1st 2011
The Minister for Finance has recently announced that a second reduced rate of 9% VAT will be introduced for the period July 1st 2011 to 31st December 2013. This 9% rate applies to certain goods and services (mainly tourism related) and full details can be found on the Revenue website .
We have written a set of guidelines for Sage 50 accounts users which is available for download here outlining the procedure you should follow.
Please ring us with your queries on 071 9146815, prior to carrying out any changes on your accounting software.