VAT correction software takes UK businesses from 17.5 to 15 in seconds

This article is brought to you by Retail Technology Review: VAT correction software takes UK businesses from 17.5 to 15 in seconds.

Following the Chancellor's announcement for a reduction to the standard  rate of VAT from 17.5% to 15% as of 1 December, there's no doubt of the impact the change will have on UK businesses.

To assist with the transition ASG Data Solutions Ltd a Cheshire-based software company, has developed VAT Converter which recalculates VAT figures in any software package.

VAT Converter is simple to install and runs in the background of a PC with no disruption to the working day. Users can highlight the required figure using the mouse or cursor, press a pre-defined key combination on the keyboard and the software  ecalculates the new value. VAT Converter also has a customise feature which allows users to view the recalculated figure on screen or even update the source software.

Antony Garnett of ASG Data Solutions Ltd who is the software creator says: "We develop software systems to help businesses to succeed in what they do and VAT Converter is a simple tool that does this. Every UK business is affected in some way by the recent changes in VAT rates, and the impact that this has is significantly underestimated. Companies are more and more dependent on their business software and in turn software vendors. With just seven days notice from the HMRC, businesses need a fast resolution and that's why we created VAT Converter!"

VAT Converter enables users to recalculate net, VAT and gross amounts from 17.5% to 15% at the press of a key.

It is available to download and install from http://www.vatconverter.co.uk