As the VAT rate changes on the 1st Jan we will all need to change the default VAT rate, however during January we will all have pre-change invoices to enter. Does this mean we will have to change the default Vat rate each time or can we add an additional Vat rate so that we can just chage the rate in the drop down.
Hi Tom,
You can set the default VAT rate to 20% but then manually type in "17.5%" whenever you create a invoice dated before January. (By the way, I think the VAT change takes effect on 4 January).
Regards,
