Thursday 4 December 2008

SaaS helps in UK VAT change

Here is a great article outlining how SaaS is already proving why it is such a good model for software delivery.

In the UK late last week the government announced that the VAT rate (a sales tax) would be dropped from 17.5% to 15% starting this week. This was obviously a major headache for retailers, suppliers, accountants etc especially with such a short time frame (less than 5 days!).

The article explains how it wasn't an issue for this SaaS accounting solution.

http://www.accountingweb.co.uk/cgi-bin/item.cgi?id=192075&d=1025&h=1073&f=1026&dateformat=%25o%20%25B%20%25Y

Thanks

Richard

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