VAT Increase to 20%

In George Osborne's Budget today was an announcement that VAT will be increased to 20% from the 4th Jan 2011. Users of our Back-Office and EPOS Systems tengoElements and tengoPOS can pre-define he future change, and specify an auto update to prices. Some customers may simply increase the Gross price, or you may wish to absorb the rise and decrease your nett prices - either way you can set this to automatically occur at the right time. Get in touch if you need help with this, as this change affects everyone and is over the Christmas period, it would be better to get any support queries regarding this in sooner rather than later!