Difference between revisions of "How do I credit items sold at a previous V.A.T. rate?"
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* [[How do I Change Prices in Platinum?]] | * [[How do I Change Prices in Platinum?]] | ||
{{KB_Tags|credits, vat, 20.00%, 17.50%, hmrc, change, rate, v.a.t., invoice, value added tax, change vat}} | {{KB_Tags|credits, vat, 20.00%, 17.50%, hmrc, change, rate, v.a.t., invoice, value added tax, change vat}} | ||
− | {{KB_SL}}{{KB_ST}}{{ZN_Admin}}{{ZN_PartsCounter}} | + | {{How}}{{KB_SL}}{{KB_ST}}{{ZN_Admin}}{{ZN_PartsCounter}} |
Revision as of 05:30, 19 June 2019
Summary
This article explains how to raise a credit note for items sold prior to the change in VAT rate.
United Kingdom Customers:
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More Information
Considerations
- Check that the goods were sold prior to 4th January 2011.
- If you have changed your retail prices, you will need to know the price you charged first time around.
Process
- Once you have decided that you need to credit the goods, you must exit from your current option back to a menu. For example, this could be the "Parts Counter" menu, the Stock Control menu, the Workshop menu, or the Unit Sales menu.
- From the menu, press <Alt+V> to confirm that you wish temporarily to change your V.A.T. rate to the old rate.
- Go back to the relevant programme and raise the credit note.
- Once you have completed the credit note, you must exit from your current option back to a menu as before.
- Your V.A.T. rate will now be reset to current V.A.T. rate.
- Carry on working as normal.
See also