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New and old VAT rate in one invoice
alsol
Member Posts: 243
Hello,
Now also Switzerland is going to increase the VAT rate for 01.01.2011. Usually this is not a big deal in NAV because in the NAVDACH version there are the fields "New VAT %" and "New VAT valid from". So based on the shipment date, the new VAT will be calculated for the new year or the old one will be used for example for credit notes.
So now some companies are invoicing license fees or subscription fees for example from 01.07.2010 - 30.06.2011. On these invoices there is one item but with two different VAT rates (the old one, 7.6% and the new on 8%). Unfortunately it looks like the "New VAT %" works only for the whole invoice, so it does not use the shipment date on the line, only the one on the header.
So we need to either create a new VAT Product Posting Group or we split the invoice into two. Are there any other ideas or approaches to solve this?
Best regards,
Felix
Now also Switzerland is going to increase the VAT rate for 01.01.2011. Usually this is not a big deal in NAV because in the NAVDACH version there are the fields "New VAT %" and "New VAT valid from". So based on the shipment date, the new VAT will be calculated for the new year or the old one will be used for example for credit notes.
So now some companies are invoicing license fees or subscription fees for example from 01.07.2010 - 30.06.2011. On these invoices there is one item but with two different VAT rates (the old one, 7.6% and the new on 8%). Unfortunately it looks like the "New VAT %" works only for the whole invoice, so it does not use the shipment date on the line, only the one on the header.
So we need to either create a new VAT Product Posting Group or we split the invoice into two. Are there any other ideas or approaches to solve this?
Best regards,
Felix
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