VAT and You

Value Added Tax rate change

The Government is changing the VAT rate from 15% to 17.5%. If you are VAT registered and have an eCommerce site with 7Soft this is likely to apply to all items unless your products are zero rated.

What does this mean for my website if i take payments and i am VAT registered?

Ecommerce Website
This means that all applicable products on your website must be changed to reflect the new VAT rate and any new products created on your site must be set to use the new VAT rate too.
If you have a large database of products and don't have the manpower or time to make these changes, this could be a potential problem for your sales.

7Soft can make the necessary changes for you to your website, affecting all products or in special cases, only those products that require a VAT rate change.
We can also ensure that all new products you create will automatically be set to use the new VAT rate.

We will also check your Delivery Rates to ensure the VAT rate has been altered correctly.

Directory/Listing/Dating Website
All your listings and subscription packages will need the VAT rate altering.

Basically if you charge for a product or a service and your company is VAT registered one of these will apply to you.
I would like to keep my retail price the same
If you want to keep your retail price the same we can alter all your EX-VAT prices.
The Cost for altering your VAT prices and Delivery Rates is a one off cost of £150 + vat payable prior to changes.
If you would like us to amend your prices to stay the same after the VAT change there will be an additional £50 + VAT.
Please note due to the short time period provided we will be carrying out the changes on a first come first served basis and cannot guarantee the changes will be implemented on your site by Monday 1^st December.
The Government is aware of the issues that this has caused and has guidance notes for businesses regarding late VAT changes, please visit the following link for more information:
http://www.hmrc.gov.uk/vat/forms-rates/rates/rate-changes.htm
If you would like 7 Soft to carry out the alterations please order through the following link http://www.7soft.co.uk/item.do?item=606390

Please note if your site is older than 3 years you my have V1 and V2 of ecreator and we cannot update the VAT and you would need to look at an upgrade please contact pat@7soft.co.uk to discuss your requirements.