VAT Changes in Microsoft Dynamics NAV

On 1st January 2010 the standard rate of VAT reverts back to 17.5%

 

You should already have the 17.5% Posting setup already created.

 

·         We can run a routine that will update the VAT Posting Group to 17.5% on G/L Accounts / Items / Resources / Item Charges

·         It will go through and update every Sales & Purchase Line (quote/order/invoice/credit/return) and change the VAT15 to VAT17.5 where it existed, ONLY on sales and purchase order lines which have not been part transacted (shipped/receipted).

·         We will provide a report which will update those lines that you need to go through and reduce the original qty down to match what has been transacted and insert a new line for the balance

 

You will need to contact Joy Hambridge as soon as you can to arrange a time and date (i.e. when shipping has completed), if you require us to do this. 

      

Contact details – Joy.hambridge@tecman.co.uk or call 01902 578 300

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