Technical Bulletin - Implementing the New UK Lower Rate of VAT in Freedom

Professional IT have issued the recommended approach to implementing the new Standard UK VAT rate of 15% in Freedom. There are a number of ways that the new VAT rate can be implemented in Freedom. The approach outlined in the available Technical Bulletin conforms to the architecture of Freedom and will cause the fewest operational issues in pricing, charging, invoicing and reporting. 

For further information please contact the team at Professional IT on 08703 802 999