Law change VAT rates
There can always be a change in law on VAT rates. Before the change is implemented, it is very important to think carefully about how to deal with this change. In some cases it is not enough to simply change the VAT rate, or the percentage. In many cases it is wiser to add a new VAT code, with the new percentage. However, this does have consequences for the articles. All articles will have to be allocated with the new VAT code. Changes are implemented immediately, which means that if a change of law takes place, the change will also have to be completed at the right time. Rate changes will always be announced well in advance, so there is plenty of time to prepare for this. It is wise to think about this with an accountant, of course your RentMagic software partner will also want to think along about this.