How To Change Your VAT Rates On Oracle Financials

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Amid the current climate, government legislation is constantly changing and your Oracle EBS and ERP Cloud should be aligned and prepared for what the future holds. A well protected organisation has the potential to be the most confident and disruptive innovator – which is why we must start reframing the future today!

Today, Chancellor Rishi Sunak cuts VAT on tourism and hospitality from 20% to 5% until January 2021. These are the key considerations when updating your Oracle ERP system to align to the latest government legislative requirements:

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