UK VAT Change and Siondo

With the recent announcement by the UK government that they will be reducing VAT from 17.5% to 15%, some small business are worried about how it will be handled in their accounting software. Siondo has already taken this possibility into consideration and has been designed for such changes, all you have to do is add a new tax type in the settings for reduced UK VAT @ 15% and you are ready to go. No additional work, upgrade installations or cost to you. It is in situations like this that show how online business applications make sense over traditional desktop versions.