The VAT rate change tool lets you easily manage VAT rate changes in order to maintain accurate VAT reporting.
The following table describes a sequence of tasks, with links to the topics that describe them. These tasks are listed in the order in which they are generally performed.
| To | See |
|---|---|
Prepare your database to manage VAT rate changes. | |
Define which master data has to be updated and update old general posting groups and VAT posting groups to new general posting groups and VAT posting groups. | |
Implement changes on open documents and journal lines. | |
Understand the VAT rate change conversion. |