Customers operating in the UK: PROACTIS is ready for VAT change
As no doubt you're aware, the standard rate for VAT will be cut from 17.5% to 15% effective from 1 December 2008.
The result of the recent UK VAT changes is that many companies are now struggling to cope with software upgrades and accounting changes which will come into effect from Monday.
Users of PROACTIS P2P products can rest happy in the knowledge that the software suite is able to handle multiple VAT rate changes without the need for patches or upgrades to their software.
PROACTIS P2P was developed from conception to handle VAT rate changes and not hard coded to 17.5% which makes changing the software a very time consuming and expensive operation, not to mention the time scale for this is extremely short.
Allowing for this change is very straightforward in the PROACTIS P2P application.
