Casio Cloud Bulletin
How to change VAT Rates
The Chancellor announced at Budget 2021 that the temporary reduced rate of 5% will be extended to 30 September 2021.
From 1 October 2021 the reduced rate for these supplies will be replaced by the introduction of a new reduced rate of VAT of 12.5% which will remain in effect until 31 March 2022.
For more information please visit: Guidance on the temporary reduced rate of VAT for hospitality, holiday accommodation and attractions – GOV.UK (www.gov.uk)
The below instructions can be followed to change the system VAT rates on the Casio Cloud Portal. The example shown is how to change the VAT rate to 12.5%.
Login to the Casio cloud.
Edit your current 5% Special VAT rate if it exists. If not select Add New TAX Code
Ensure the TAX code is configured as follows:
Lastly, ensure you required products have the correct/new VAT code programmed