PixelPoint V12 Bulletin
How to change VAT Rates
The Chancellor announced at Budget 2021 that the temporary reduced rate of 5% will be extended to 30 September 2021.
From 1 October 2021 the reduced rate for these supplies will be replaced by the introduction of a new reduced rate of VAT of 12.5% which will remain in effect until 31 March 2022.
For more information please visit: Guidance on the temporary reduced rate of VAT for hospitality, holiday accommodation and attractions – GOV.UK (www.gov.uk)
The below instructions can be followed to change the system VAT rates within PixelPoint Version 12. Example shown is how to change rate to 12.5%.
1. Logon to your Pixel Back Office software
2. Choose Administrator Tab, then System Setup
3. Select the Taxes Tab, then change ‘TAX 1 Rate’ to 12.5
4. Press the Tick icon to save the setting.