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From 1st January 2010, the standard rate of VAT will increase from 15% to 17.5%. We have detailed instructions on how to amend Sage Accounts to reflect these changes and provided access to Sage Utilities to assist you doing this.

Note: The following are not affected by the change in VAT rate:

• Zero-rated goods, for example, basic foodstuffs, children’s clothing and children’s footwear.
• Goods and services subject to VAT at the reduced rate of 5%.