UK VAT rate change

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For those of you working in the UK, you may be faced with the task of scanning all your models for hardcoded VAT rates following the recent change.

If you are on this forum chances are you know what you are doing, so I've put some tips for you on my companies website: http://www.artesiansolutions.com/vatchange/index_How_to.html

For our international colleagues, the UK have just changed their sales tax for the first time in 17 years so theres a bit of a panic going on because its been static for so long so lots of people have hardcoded the rate into their models...

Its actually not that tricky but the main thing to watch out for (apart from hardcoded values) are calculations on vat-inclusive items, particularly comparisons e.g. Variances or Budget vs Forecast.

Happy scanning!