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Tip |
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To see a step by step example of how you create your new VAT settings and how you update running Media Campaigns, as well as trigger VAT recalculation for existing Media Campaigns, please see the following video. |
Prevent overlapping VAT/GST rates
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Where VAT rates change for a Media Campaign that was created before the new VAT setting but where all invoices will be during the new VAT period, users need to retrigger re-trigger the VAT calculation after creating the new VAT settings.
Changing the valid to of your current VAT settings to
Creating a new VAT Setting for the new VAT rate valid
Go to your Media Campaign and retrigger the VAT calculation - the best way to do this is to disable and enable the New VAT Calculation using the checkbox on Media Campaign (see video for example)
Once New VAT Calculation is enabled, the VAT on Media Campaign and Campaign Item level will be correctly repopulated to match your new VAT settings
Press create pre-invoices to update your existing invoices to match your new VAT setting
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