How To: Update Country Specific VAT Rates when the Rates have been Changed

When using Country Specific VAT, if a country changes their VAT Rate then the following changes must be made to your system to update the rates:

Define the VAT Rate per Country

1. Open a System Data screen (show me how).
2. Open the [ International | Countries ] screen.
3. Focus on the country you wish to define a rate for.
4. Right click and select VAT Rates from the context menu.
5. Click on the .
   1. Add the rate.
   2. Add a code.
   3. Enter a description.
6. Click OK.

Define the VAT Rate per Level 2 Stock Item

1. Open a System Data screen (show me how).
2. Open the [ Stock | Level 2: Type ] screen.
3. Focus on the Stock Type you wish to add a VAT Rate for.
4. Right click and select VAT Rates from the context menu.
5. In the VAT Rate Stock Type dialog:
   1. Focus on the old VAT Rate.
   2. Click on the button.
   3. Click on the button.
   4. In the VAT Lookup dialog:
      1. Select the new code you wish to apply.
         
         Notes:
         • You can filter by Country and Tax Code if you have a long list.
         • You can only apply one rate at a time.
         • You can only apply one Tax Rate per country.
      2. Click OK, or you can double-click.
6. Repeat to update other Tax Rates against Level 2 Stock Types.
7. Press Ctrl+S or click to save once you have updated the VAT Rates.

Define the VAT Rate per Stock Item

If you have defined VAT rates against stock items you will need to update these:

1. Open a Stock screen (show me how).
2. Load the stock item you wish to update the rate for.
3. Open the [ Accounting ] screen.
4. Press Alt+E or click to enter edit mode.
5. click on the button.
6. Focus on the old rate.
7. Click on the button.
8. Click on the button.
9. In the VAT Lookup dialog:
   1. Locate the new rate and focus on it.
   2. Click OK.
10. Once you have updated the rate, Click OK.
11. Press Ctrl+S or click to save.

Define the Delivery Rate (Optional)

You may also need to update the VAT rate to use for the delivery charge.

1. Open a System Data screen (show me how).
2. Open the [ Accounts | Tax Rates screen ] screen.
3. Press Alt+E or click to enter edit mode.
4. Untick the 'Delivery Rate' checkbox for the old rate.
5. Tick the 'Delivery Rate' checkbox for the updated rate.
   Note: only one rate per country can be ticked as the default delivery rate.
6. Press Ctrl+S or click to save.

See Also

• Accounts overview
• System Data overview