There are two areas that affect how VAT is displayed in Easy Invoicing UK. The 'Default value for tax(%)' is found in the 'Environment > Information and Settings' of Easy Invoicing UK and is used to set the default value for new items added to the database. Actual VAT values are stored with the products / services and can be viewed in the 'Stock' section of the application - the actual amount is shown under the 'Rate' column - these are the values used when adding items to you invoice. If VAT changes (in the UK) you need to update both settings: the one in 'Environment > Information and Settings' is easy enough and sets the value for any new stock items you add. The value in 'Stock' is also editable. If you have just a few items you can just alter the values, but if you have many items added to the stock list we have created a small utility that you can download, install and run... This will quickly update all the TAX values for your products. To receive a download link for this utility just send an email to: taxupdater@easyinvoicing.co.uk |