Steps Required
Have your System Administrator complete the following.
- Go to Setup > Accounting > Accounting Options in RMS.
- Navigate to the 'VAT' tab.
- Enter the Full VAT Divide Total Charge By as '21'.
-
Save/Exit.
-
Log out of RMS.
Info
These instructions are to update the VAT calculated in RMS to the reduced amount of 5% effective 15th July 2020 until 12th January 2021 and should be completed on the date the VAT reduction takes effect.
The reduced VAT amount will affect any reservation where the rate is recalculated after the setup change has been made.
Properties who have created the rate on accounts prior to arrival will need to Recalculate Future Rates using the VAT reduction effective date. Running the Recalculate Future Rates utility will revert any previously overridden rates in the affected date range to the system default using the new reduced VAT amount.
Visual Guide
Go to Setup > Accounting > Accounting Options in RMS.
Navigate to the 'VAT' tab.
Enter the Full VAT Divide Total Charge By as '21'.
Select 'Save/Exit' to store the changes made.
Log out of RMS to allow the database to update with the changes made.
VAT will now be calculated at the reduced amount in RMS.