Create a new VAT rate

1. Go to the Process VAT report (TX502000) window.
2. In the VAT ID field, select the VAT rate that you want to change.
   Depending on which VAT you select, one entry per reporting group is displayed on the VAT schedule tab.
3. On the VAT schedule tab, click to add a new line.
4. In the Start date column, enter the date from which you want the new rate to be effective.
5. In the VAT rate column, enter the new rate.
6. In the Reporting group column, select the same reporting group as the old VAT.
   
7. If the selected VAT had several lines in the table, repeat steps 2 through 5.
8. Click .

What is next?

You now have to decide how you want to report the VAT and set the preferences for that: Set the financial period end date for the VAT period.