Monday, 1 December 2008

Existing sales orders and recurrent invoices

When using a system to add products or services onto a sales order or recurrent invoice, the VAT code and possibly applicable VAT rate are often recorded automatically ready for invoicing.

For sales orders and recurrent invoices set up prior to 1 December, this can result in subsequent invoices being raised with VAT of 17.5% instead of 15%.

Depending on how the system works, and whether a new VAT code has been set up for the new rate, you may need to adjust un-invoiced sales orders and recurrent invoices set up prior to 1 December.

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