VAT Patch Released

01/12/2008

PropertyADD has been updated to reflect the change in the standard VAT rate from 17.5% to 15%, as announced in the 2008 Pre-Budget report last week.

All customer systems have been patched with the new default VAT rate during the Sunday night maintenance window.

See information regarding the Pre-Budget Report VAT changes here.

Update: As of 01 January 2010, the VAT rate has reverted back to 17.5%.