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UK VAT Changes

Posted: Tue Jul 14, 2020 10:22 am
by forestholidays
The UK have announced a VAT cut on hospitality.

If I amend the rate from 20% in the system to 5%, will the reporting show the different VAT rates for bookings on different dates? Or will it report on all the bookings at 5% (even previous ones?).

Re: UK VAT Changes

Posted: Wed Jul 15, 2020 7:34 am
by annettemorgenroth
Changed to the VAT rate only apply to bookings which were made after the change was made. You will need to adjust other bookings manually if required.