Are you using Xero? If so, here is an update on the new 12.5% VAT rate

For those that are VAT registered, the temporary 12.5% VAT rate for the hospitality sector that applies between 1^st October and 31^st March, has not been added by Xero. 

As it's a temporary rate Xero will not automatically update the system, so it's down to the user to set this up themselves.

So, even if you're not in hospitality, most business will incur expenses in this sector. 

If you are struggling, here is how you set it up:

1. In the Accounting menu of Xero, select Advanced, then click Tax rates.
2. Click New Tax Rate.
3. Enter a display name (Hospitality Temp) and select a tax type (Sales or Purchases)
4. Add the tax component name and enter the VAT percentage of 12.5%
5. Click Save.

You can find out more here: https://central.xero.com/s/article/Add-or-edit-tax-rates-UK#Addanewtaxrate

Or you can contact one of the team who will be happy to help.