Difference between revisions of "How do I credit items sold at a previous V.A.T. rate?"
From Catalyst
Nigel Smith (talk | contribs) |
m (Les Ward moved page How do I Credit Items Sold at a Previous VAT Rate? to How do I credit items sold at a previous V.A.T. rate?: Lower case (except for Platinum menu options)) |
||
| (13 intermediate revisions by 5 users not shown) | |||
| Line 1: | Line 1: | ||
| − | |||
== Summary == | == Summary == | ||
| − | This article explains how to raise a credit note for items sold prior to the change in VAT rate. | + | This article explains how to raise a credit note for items sold prior to the change in VAT rate. |
{{Warning|title=United Kingdom Customers|text= | {{Warning|title=United Kingdom Customers|text= | ||
* Current HMRC guidance given to us and to some of our customers states that credit notes for vat-able items sold before 4th January 2011 should be raised with V.A.T. at 17.50%, i.e. the rate prevailing at the time of the invoice.}} | * Current HMRC guidance given to us and to some of our customers states that credit notes for vat-able items sold before 4th January 2011 should be raised with V.A.T. at 17.50%, i.e. the rate prevailing at the time of the invoice.}} | ||
| − | + | == More Information == | |
| − | |||
| − | |||
=== Considerations === | === Considerations === | ||
| − | * Check that the goods were sold prior to 4th January 2011. | + | * 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. | * If you have changed your retail prices, you will need to know the price you charged first time around. | ||
=== Process === | === 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 | + | * 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 {{ST}} menu, the {{WS}} menu, or the {{VS}} menu. |
| − | * '''From the menu''', press {{KeyPress|A-V}} to confirm that you wish to | + | * '''From the menu''', press {{KeyPress|A-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. | * 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. | * Once you have completed the credit note, you must exit from your current option back to a menu as before. | ||
| Line 23: | Line 20: | ||
== See also == | == See also == | ||
| − | *[[How do I edit VAT | + | * [[How do I edit VAT rates?]] |
| + | * [[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}} | |
| + | {{How}}{{KB_SL}}{{KB_ST}}{{ZN_Admin}}{{ZN_PartsCounter}} | ||
Latest revision as of 12:59, 19 December 2019
Summary
This article explains how to raise a credit note for items sold prior to the change in VAT rate.
 | United Kingdom Customers:
|
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
