VAT rates change at the beginning of the year

Automatic conversion of VAT to new tax rate

To use the automatic conversion, you must first create a new VAT rate with the changed VAT. In the previous VAT rate, you can now set the expiration date (from which the VAT rate is no longer valid) and the subsequent tax rate (the one you just created).

The item master can be updated at the earliest one week after the expiration date. All items that contain the expiring VAT rate will be converted to the new VAT rate. If the expiring VAT rate is the standard tax rate, the subsequent tax rate is set as the default upon request. Please note that this step cannot be undone.

If the option "Keep gross priceif the "Minimum price" field is set, the retail price 1, retail price 2, retail price 3, retail price 4, EVP, and minimum price are adjusted accordingly when the article master is updated:

Brief sample calculation:

1 item VAT 19% Net $100.00 Gross $119.00

after conversion

1 item VAT 20% Net $99.17 Gross $119.00

The automatic conversion affects customer and vendor facilities. When saving, inserting an item, or creating a new version, the VAT rate of the item is checked and adjusted if necessary. A query appears asking whether the VAT rate of the facility item should be converted. A conversion carried out in this way can be traced later in the customer systems in the system log and in the supplier systems in the information field. During this conversion, the VAT rate of the item remains unaffected; only the VAT rate of the system item is converted.

This query can be disabled separately for customer and supplier facilities, so that all facility items are automatically converted.

In the settings under Purchasing in Delphi c-entron, there is a checkbox labeled "Update items with expired VAT rate without prompting," which suppresses the prompt for all supplier systems. A checkbox with the same label can also be found under Customers/All Systems, which suppresses the prompt for all customer systems.