How do I edit VAT rates?
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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
Go to "Systems" -> "Reports & Parameters" -> "Maintenance Options" -> "System Administrator" -> "V.A.T. Parameters".
PLEASE NOTE : If you do not have a "Systems" option go to directly to the "Reports & Parameters" option or refer to a person with higher access rights |
Here you can edit the 4 rates of vat within Platinum. These, as a rule only change with government legislation, but if an announcement is made then then the following can be amended:
- V.A.T. Returns Frequency : (Quarterly/Monthly/B i-monthly
- V.A.T. Rates 1 - 4 and their associated descriptions
Through there are fields for the V.A.T. 100 start date and Last Period completed these dates are not usually changed unless instructed to do so.