VAT rate changes from Tuesday 4th of January 2011

 
You will be required to change your VAT rate in your EPOS system from Tuesday 4th January. In order to do this follow the instructions below for the system you operate.

XPOS & XPOS lite systems

 NOTE: Please make sure that you have the latest update before following these instructions

To change your VAT rate follow these instructions:

1. Update to the latest version of XPos

2. Go to the Main Menu of XPos

3. Click on the File menu

4. Click on Global Change

5. Select “Product Sub Group” from the “Choose Table” drop down

6. Select “VAT” from the “Choose Field” drop down

7. Type “17.5” in the “Change From” box

8. Type “20” in the “Change To” box

9. Click Finish

10. Click Yes to confirm the change

You will also need to change the VAT Rate in the Company Details section as follows:

1. From the Main Menu click on Utilties

2. Click on the Company Details tab at the top of the screen

3. Adjust the Standard VAT Rate at the bottom left of the screen

4. Click on Save

OPTIONAL: You may also wish to change the Sales Prices of your products to reflect this change in VAT.

To adjust the Sales Prices follow these instructions:

1. Go to the Main Menu of XPos

2. Click on Products

3. Search for the products you want to change the price of using the Search button

4. Click on Quick Price Change

5. Click on Change by Percentage

6. Enter the percentage adjustment (for a increase of VAT from 17.5% to 20% the actual percentage increase in sales price is 2.13)

7. Click OK

 Please note that the VAT change does not come into effect until Tuesday 4th January 2011.