Access Accounting first to market with reverse charge VAT upgrade

Colchester, UK - 29th May 2007 - Award-winning business and accounting software house, Access Accounting, is the first vendor to release a reverse charge VAT upgrade in readiness for the new legislation which will be introduced on June 1st. VAT-registered businesses that buy or sell computer chips or mobile phones will have to apply the new rules to business transactions over £5,000.

Pip Trowles,product manager for Access Accounting, commented, "We were originally ready to release this new upgrade last year, but the legislation has been repeatedly delayed.  In addition, there were some fundamental changes made to both the scope and the rules for applying reverse charge VAT which we have now taken into account.  We have been working through BASDA* to iron out the interpretation of some of these complexities.

"This legislation has been pushed through with very little notice and is a radical change to the way businesses deal with VAT. We are immensely proud of our development team who have worked hard to implement these software changes for the benefit of our users.  I'm delighted that our customers will have the necessary tools available to cope with this demanding new legislation," she continued.

For more information on Access Accounting, its range of solutions or to obtain the reverse charge VAT upgrade, please telephone 0845 3453300.

*BASDA - Business Application Software Developers Association

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