In his Pre-Budget Report on 24 November 2008 the Chancellor announced that the standard rate of VAT will be reduced to 15% on 1 December 2008.

In light of this announcement, Microsoft UK is presently finalising its proposed technical guidance for customers which will be published shortly. It is expected that the change to the standard rate of VAT will affect customers using the Microsoft software products.

- Microsoft Dynamics AX (formerly known as Axapta)

- Microsoft Dynamics GP (formerly known as Great Plains)

- Microsoft Dynamics NAV (formerly known as Navision)

- Microsoft Dynamics RMS

Updated technical guidance will be made available very shortly, please check back later.

For further detailed information and HMRC guidance about the change, please visit the HMRC Website at  http://www.hmrc.gov.uk/pbr2008/

Posted By Fee Nolan