Quote:
Originally Posted by claytonender
I think you are mistaken about the costs involved to small to medium businesses being sadled with huge costs. Most businesses have computerised accounting systems and it is very easy to change the VAT rate, it is just means going into the master data -which shows the various parameters - and changing the percentage figure. I have been involved, at companies I have worked at, in previous VAT changes. If they are not computerised it just means multiplying the nett price by 15% instead of 17.5% to calculate the gross selling price.
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Apparently like most of your ilk you stick your head in the sand and don't watch news programs, that is not what a lot of small to medium businesses are say, but of course I'll bow to your superior knowledge and intellect. One man interviewed this morning was having to reprice 6000 items and was having to update his stationary by Monday to comply with government demands, these are not imaginary people but real people living in a real world