Note
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.
Changing the rates of VAT as set by HMRC
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.
Before changing the rate of VAT
- Empty the checkout.
- Empty quotations.
- Invoice all outstanding delivery notes.
Once you have completed this, check the following.
- Select
Sales → Checkout
from the main menu bar. The all the tabs and tables should be empty. - Select
Sales → Quotations
from the main menu bar. The table should be empty. - Select
Sales → Delivery Notes
from the main menu bar. The table should be empty.
Changing the rate of VAT
If the above three step are correct, the vat rate can be changed as follows.
- Select
Settings → Configuration → VAT Rates
from the main menu bar. - Change the VAT Rates as required.
- Click
Ok
- Restart the program.
Restart the application on all the terminals. The new VAT setting will only take affect if the program is restarted.
Check the VAT rate has been changed
- Check that the stock list items are now set to the correct rate of VAT.
- Select
Sales → New Sale
from the main menu bar and add some items. Check the vat is being calculated properly.
If you are unable to clear the quotations or checkout
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.
Problems or Questions
If you have any question regarding the change in VAT rate please contact Media Magic at you earliest opportunity.