Access Accounting first to market with reverse charge VAT upgrade
Press Release - Tuesday, May 29, 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 or visit www.access-accounts.com
*BASDA - Business Application Software Developers Association
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Notes to Editors:
Access Accounting is the UK’s leading business software house serving the mid-market. Its solutions have been chosen by over 10,000 UK companies - helping them to achieve business success.
A subsidiary of Access Technology Group Ltd, Access Accounting was the first UK vendor to recognise the potential of Windows and create a mid-range accounting platform based on this technology. Today it offers four scalable, web-enabled systems including its flagship solution, Access Dimensions. The company also offers Access Payroll, a combined payroll/personnel suite, which is fully compliant with the latest CIS regulations.
Access Accounting is a Microsoft Gold Certified Partner and a member of the Business Application Software Developers Association (BASDA). It has also received accreditation from major authorities including the Institute of Chartered Accountants in England and Wales (ICAEW) and the HM Revenue & Customs’ rigorous Payroll Standards Scheme. In 2007, the company won ’Financial Software Provider of the Year’ in the Real FD/CBI FDs’ Excellence Awards and ’Mid-range accounting Software Provider of the Year’ in the Sift Media Business Software Satisfaction Awards – both voted for by customers.
Media information:
Helen Carpenter
Head of Group PR
Access Accounting Ltd
T: 01206 322575 / 07833 936311
F: 01206 322956
E: helen.carpenter@access-accounts.com
W: www.access-accounts.com
