Before processing any transactions in the Period with the new VAT rate, the customer must then do the following:

Sign unto PFIM

Select SETUP

            The CONFIGURATION window opens, then select PROGRAM SETUP

On the ACCOUNTS SETUP window select DOCUMENTS/SEQUENCES

Enter the new VAT percentage e.g.(15.5) and click on the GREEN arrow to apply the changes to DEBTORS , CREDITORS, STOCK and COMPANY SETUP

The system will then warn you that you are changing the VAR Rate :

The next window will tell the user which tables was updated

Click OK on the last window and the VAT changes will be complete

PLEASE NOTE: this will need to be repeated for All Branches and on All Databases.