How the VAT Changes on 1st January 2010 affect you Opera or Opera II System

The UK Government announced earlier this year that the rate of Standard VAT in the UK will increase back to 17.5% (after it was temporarily reduced to 15.0% on 1st December 2008) on 1 January 2010.

Opera II

Opera II was amended in version 6.70.00 to use the Rate 2 field on the VAT Code when progressing SOP documents (Orders, Quotes etc) to Invoices; this should cater for the needs of the vast majority of the user base. If you wish to make use of Special rules then the Angel VAT utility provided back in November 2008 will need to be used.  This will be provided free of charge to all AngelCare customers

* For customers using version 6.70.00 or later, the Rate 2 fields on the VAT Processing Form needs to be updated with 17.5% effective from 1/1/2010.
* For customers with earlier versions than 6.70.00 of Opera II, the Angel VAT Utility provided back in November 2008 will need to be run if you have any un-invoiced SOP/Invoicing transactions with a VAT rate of 15.0%.  This will be provided Free of charge to all AngelCare customers.

However, there could be exceptions  - see Special Rules.

Opera

The Angel VAT Utility that was provided in November 2008 for these products will need to be run.

Special Rules

Please read our main article on the VAT changes to see if these rules apply to you.
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If you are unsure of what to do, please give the AngelCare team a call on 01923 470896 or support@angeltech.it