Difference between revisions of "How do I edit VAT rates?"
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{{Note|text='''PLEASE NOTE :''' If you do not have a "Systems" option go directly to the "Reports & Parameters" option or refer to a person with higher access rights}} | {{Note|text='''PLEASE NOTE :''' If you do not have a "Systems" option go directly to the "Reports & Parameters" option or refer to a person with higher access rights}} | ||
| − | There are 4 rates of V.A.T. | + | There are 4 rates of V.A.T. that can be used. They only change with government legislation, but if an announcement is made then the following can be amended: |
| − | *V.A.T. Returns Frequency : ('''Q'''uarterly/'''M'''onthly/'''B'''i-monthly | + | *{{DataPrompt|:V.A.T. Returns Frequency : ('''Q'''uarterly/'''M'''onthly/'''B'''i-monthly)}} |
| − | *V.A.T. Rates | + | *{{DataPrompt|V.A.T. Rates:}} |
| + | ** Here you can update that V.A.T. rate percentage and description. | ||
| − | + | There are fields for the V.A.T. 100 start date and Last Period completed these dates are updated by the system. | |
== Other Considerations == | == Other Considerations == | ||
| − | If you have a report generator report that calculates the V.A.T. manually, this report will need to be amended to reflect the new rate. The above WILL not update the report. Please call our software support for further help. | + | If you have a report generator report that calculates the V.A.T. manually, this report will need to be amended to reflect the new rate. The above WILL not update the report. Please call our software support for further help. |
{{KB_Tags|VAT, V.A.T., rate, rates, Value added tax}}{{KB_SL}}{{KB_SL}}{{FAQ}}{{ZN_Admin}} | {{KB_Tags|VAT, V.A.T., rate, rates, Value added tax}}{{KB_SL}}{{KB_SL}}{{FAQ}}{{ZN_Admin}} | ||
Revision as of 14:21, 24 November 2008
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This article or section is under review. Be aware: Content may change as the document is reviewed. |
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This article or section is under development. Be aware: Content will change as the document progresses. |
Summary
There may be instances were you may need to alter you rates of VAT. This article outlines how to do this in your platinum system.
Details
Go to "Systems" -> "Reports & Parameters" -> "Maintenance Options" -> "System Administrator" -> "V.A.T. Parameters".
 | PLEASE NOTE : If you do not have a "Systems" option go directly to the "Reports & Parameters" option or refer to a person with higher access rights |
There are 4 rates of V.A.T. that can be used. They only change with government legislation, but if an announcement is made then the following can be amended:
- ":V.A.T. Returns Frequency : (Quarterly/Monthly/Bi-monthly)"
- "V.A.T. Rates:"
- Here you can update that V.A.T. rate percentage and description.
There are fields for the V.A.T. 100 start date and Last Period completed these dates are updated by the system.
Other Considerations
If you have a report generator report that calculates the V.A.T. manually, this report will need to be amended to reflect the new rate. The above WILL not update the report. Please call our software support for further help.
