VAT Rate Adjustments

Modified on Thu, 29 Aug at 10:32 AM

VAT Validation

We have introduced a validation feature to enhance accuracy in VAT processing. This validation will prevent any Invoice or Invoice Control from being completed if there are any lines with incorrect VAT setup based on the Invoice date. This ensures that all VAT rates are correctly applied and compliant with the specified Invoice date.

Setting a Specific VAT Date

To provide more control over VAT handling, we have added the option to set a specific VAT date for Offers, Orders (including Blocks), and Goods Receipts. This can be configured directly from the main menu in these views. To set the VAT date:

1. Navigate to the relevant view (Offers, Orders, or Goods Receipt).

2. Click on the main menu.

3. Select the "Set VAT date" option:

4. This will open a dialog where a date can be set, and the VAT date will then appear in the main view:

5. When confirming the dialog, the system will automatically fetch new rates from the server, and the Offer / Order / Goods Receipt lines will be updated. For Blocks, the overridden VAT date can be set in the Block dialog here:

6. And the value will be displayed here:

For invoicing from the Order view, we have added an additional check before invoicing can be completed. If any invalid rates are detected, the OK button in the Create Invoice dialog will be disabled. The user will need to set the VAT date to match the selected Invoice date and update any rates before the Invoice can be created (see the image below).

In the Document Center, if you find any invalid rates on Invoice Control lines, you can use the "Update VAT Rates" menu option to retrieve the latest rate values (see the image below).