Sage 50 Accounts

The temporary VAT rate for the hospitality, holiday accommodation and attractions sectors is changing to 12.5% from 1 October 2021. Find out more >

On Wednesday 15 July, a VAT reduction came into effect for certain goods and services within the hospitality, holiday accommodation and attractions sectors in the UK. This reduction will see VAT change from 20% to 5% for the next six months. We have…

If you're VAT registered, it's important to apply the correct tax rates, in Sage Accounts, the rates are applied based on the tax codes you choose for any transaction. The following overview article outlines some common goods and services an the tax rates…