Different tax rates on sales and purchases
Paul Timms
7-29-20
Operating system: Windows
In the UK, new tax legislation has just come in. Specific sales within the hospitality sector can now sell products and services at a reduced rate of 5% VAT, instead of the normal 20% rate.


This means that a product could be purchased from a supplier at 20% VAT, and sold at 5% VAT. Is there any way to handle this in the standard software?
Leave Comment
You can subscribe to notifications for this post by selecting the 'star' icon on the top right corner of the post.
Latest Posts
Aldevinas Katkus
No idea. I just have a note: FileNameFromFolder() for non-existing folder causes ResetCompany() to fail?...
11:16 29 Oct 2025
Aldevinas Katkus
8.5 2023-04-19 (build 85550290) In the server on the first run: 2025-10-29 09:07:29 Requesting Lookup address 2025-10-29 09:07:29 Failed to create e-mail back, unknown source register What th...
08:20 29 Oct 2025