Early Payment Discount now available in the United Kingdom
The functionality for conditional discount with payment within different time frames is now available in the UK and will be given the description Early Payment Discount. Otherwise the functionality will be the same as the other markets.
Read more about this here.
Decreased standard VAT rates for the United Kingdom
The standard rate of VAT will be decreased from 17.50% to 15.00%, effective from the 1st of December, 2008. Mamut Business Software version 12.2 supports the new rates.
For customers using earlier versions, Mamut has released an update tool to help make sure that you remain up to date with changes in the law, without disruption to the way you work. This tool is available for download and should be run on or after the 1st of December 2008.
We have setup a special webpage with all the information you require to update your system for this change. Please take a look at www.mamut.co.uk/update.
Increased standard VAT rates for Ireland (also implemented in version 12.1)
The standard rate of VAT will be increased from 21% to 21.5%, effective from the 1st of December, 2008. Mamut Business Software version 12.2 supports the new rates.
For customers using earlier versions, Mamut has released an update tool to help make sure that you remain up to date with changes in the law, without disruption to the way you work. This tool is available for download and should be run on or after the 1st of December, 2008.
We have setup a special webpage with all the information you require to update your system for this change. Please take a look at www.mamut.ie/update