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- Editing existing VAT code to use new standard VAT rate of 20%
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How do I update my company file to use the new Standard Rate VAT of 20% for 4th January, 2011 by editing an existing VAT code?
Updated: May 31, 2011
Article ID: HOW15865
In his 2010 Emergency Budget, the Chancellor announced an increase in the Standard Rate VAT from 17.5% to 20% effective 4th January 2011. For more details regarding the Standard Rate VAT changes, please visit the HMRC Web site.
Attached is a pdf of the instructions on how to edit your Standard Rate VAT to 20%. Click the link below to open the pdf.
QuickBooks 2008 & 2006 - How do I edit my existing VAT Code for 04 Jan 2011.pdf
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