This article is for when the percentage rate of VAT has been changed by HMRC. If you are looking for how to change the VAT rate for a stock item see the stock help pages.
VAT rates can be changed in the system at any time. However, there are a few check that should be made to ensure that all new invoices at the new rate of VAT.
Once you have completed this, check the following.
Sales → Checkout
from the main menu bar. The all the tabs and tables should be empty.Sales → Quotations
from the main menu bar. The table should be empty.Sales → Delivery Notes
from the main menu bar. The table should be empty.If the above three step are correct, the vat rate can be changed as follows.
Settings → Configuration → VAT Rates
from the main menu bar.Ok
Restart the application on all the terminals. The new VAT setting will only take affect if the program is restarted.
Sales → New Sale
from the main menu bar and add some items. Check the vat is being calculated properly.Media Magic can manually alter the VAT rate on checkout items and quotations. If you require this please reduce the amount in the quotations and checkout to a minimum and contact us for the VAT rates to be updated.
If you have any question regarding the change in VAT rate please contact Media Magic at you earliest opportunity.