UK 15% VAT Rate Change
From version 1.5.1 (released January 2009), the standard UK VAT rate supported by SliQ Invoicing and Quoting will be 15% in line with the drop from 17.5% announced by the UK government in December 2008.
However, if you are using an older version of SliQ Invoicing and Quoting and don't wish to upgrade, it is a very simple task to reconfigure any of the older versions of SliQ to handle the new rate. Simply follow the steps below:-
1. Select the VAT Rates tab under the main Setup tab in SliQ

2. Enable Rate #4 and enter 15.00 as the tax rate

The setup process is now complete and the 15% rate will be available throughout SliQ. No existing invoices or products will be affected by the rate change so amend any product and discount descriptions if necessary.
For more information, see Editing VAT Rates and Product & Discount Records.
