Vat and inventory

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  • Col
    Junior Member
    • Apr 2012
    • 16

    #1

    Vat and inventory

    Good day,

    Swaziland has just increased the Vat to 15% in line with S.A. on the 1st August. Our tax year starts on 1st July and was 14%.
    We changed our Pastel Xpress as per the info we found on the forum. Is there a way to keep our selling price the same but increase the vat to 15%? When you change the Vat code in the inventory it automatically increases the selling price. Is there no way of changing the Vat in all the inventory items at once? I exported the inventory and changed the Vat code to the new code but it will not import the inventory back?

    Many thanks
    Colin
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