VAT Rate Change from 12.5% to 15%

Experienced User stopress
39 Posts
Experienced User
stopress
Experienced User

39Posts

3Kudos

1Solutions

VAT Rate Change from 12.5% to 15%

Hi,

 

Our national VAT Rate will change from 12.5% to 15% on 01/01/2018.

How do I go about performing this on RM?

 

Also, will it affect previously processed transactions?

 

Thanks.

1 REPLY
MYOB Moderator Neil_M
5,996 Posts
MYOB Moderator
New Zealand
Neil_M
MYOB Moderator

5996Posts

630Kudos

812Solutions

Re: VAT Rate Change from 12.5% to 15%

Hi @stopress

 

You can amend the rates of any tax code by going to Admin >> Set Tax Codes. This will allow you to view all of the currently setup tax codes as well as edit any of those tax codes and create new ones if you need to.

 

Changes made to the tax codes only impact transactions going forwards, and they don’t have an impact on previously recorded transactions.

 

Please do feel free to post any other questions that you may have



Regards
Neil
MYOB Client Support
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