UK Vat change from 17.5 to 15% - How will this affect your code?

Question

The UK VAT system is changing from 17.5% to 15%. What strategies have you used in your code to store the VAT, and how will the change affect your applications. Do you store

Answer 1

We pull the VAT from a database table shared by all of our internal apps meaning it's not a big deal for us where our new code is concerned. Keeping it centralised like this has to be a smart move.