If the VAT/tax rate in your country will change, you need to set this up in Rentman.
What should I do?
- Add a new VAT/tax scheme with the new VAT/tax rate.
Tip: include the introduction date of the new VAT/tax rate in the name of your scheme.
- When the first day of the new VAT/tax rate arrives, choose your new VAT/tax scheme as the default scheme in Rentman.
Planning projects with the new rate in advance
Are you adding a project that will start on or after the new VAT/tax rate goes into effect? Then you must already apply the new VAT/tax scheme to that project:
- Change the VAT/tax scheme of your project to the new scheme that you've created.
The exact date from when projects should have the new VAT/tax rate can depend on specific rules in your country.