What needs to be done when the VAT-% is changed locally?

Occasionally countries change the VAT percentage on a certain date, which need to reflect on your invoices. This article describes what you need to take care of creating the correct VAT on invoices.

Therefore, the first step is to get all the needful information and links you can get from your government, making sure that you understand how the VAT-change is affecting your invoicing, which date is affecting the percentage raise  (invoice date, economic date, etc) and then forward all the information and your input to our Scope Service Team (service@riege.com).

In our example, our Scope Service Team will update the country setup for Finland accordingly, so that the economic date of the shipment will default the economic date of the sales invoice (= accounts receivable) automatically.

You can find more information regarding the economic date of shipments here: https://service.riege.com/en/knowledge/what-are-the-most-important-dates-in-scope

Additionally there is a parameter to set the economic date of a sales invoice manually or by invoice date automatically meaning when printing this accounts receivables it will take this moment as the economic date: so printing a sales invoice on or after 01.09.2024 Scope will use 25.5% then. When you choose the manual option for users to modify the economic date of a sales invoice, you can define by permission, which users should be allowed to do so. Please contact the Scope Service Team again, if you want the manual or automatic feature to be activated in your Scope system.