tag:blogger.com,1999:blog-230992239659308390.comments2010-10-21T00:17:35.566-07:00Chris Challishttp://www.blogger.com/profile/13888631628109578880noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-230992239659308390.post-58839837428770739982010-10-21T00:17:35.566-07:002010-10-21T00:17:35.566-07:00Chris, succinctly put - especially important for anyone using SaaS to double check whether the provider updates the system or they have to update their individual configurations.gnchttp://www.blogger.com/profile/09458421288313907788noreply@blogger.comtag:blogger.com,1999:blog-230992239659308390.post-78587202500346651252008-11-25T05:54:00.000-08:002008-11-25T05:54:00.000-08:00From Dennis Keeling, former Chief Executive of BASDA:<BR/><BR/>4 working days notice of this change to VAT will put an immense strain on retailers and the software industry.<BR/><BR/>Retailers have the biggest problem - their goods are VAT-inclusive. They will have to re-price all of their goods - a 2.5% discount does not always<BR/>yield a satisfactory price-point. They will have to re-price everything. I wonder how many retailers will drop their prices by 2.5% on Monday?<BR/><BR/>Many point-of-sale systems have been written bespoke - they may need programming to change the VAT-inclusive prices charged by retailers. Many accounting software developers are already contacting their customers - many<BR/>end-users have never had to change the VAT rate in their systems and would not know how to do it.Chris Challishttp://www.blogger.com/profile/13888631628109578880noreply@blogger.comtag:blogger.com,1999:blog-230992239659308390.post-77374793645447728842008-11-25T01:50:00.000-08:002008-11-25T01:50:00.000-08:00I can see the system problems identified by Chris but just as important are dealing with changes to contracts and agreements that span the rate change and do the contracts allow for a rate change? For example a contract for services that commences on 1st January and ends on 30th December 2008. How much VAT do charge?John Crawfordhttp://www.blogger.com/profile/04918806125795871124noreply@blogger.com