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EU VAT Acquistions
Please read this if you trade with the EU and use the ES and R-GB VAT codes. These clarifications result from the recent change in the VAT rate in the UK.
For EU acquisitions, the tax rate is 0% but the notional rate is not stored on the transaction in NetSuite: it is derived from the purchase tax code used on the transaction.
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[/LIST]If you have simply changed the S tax code to 15% and did not create a new tax code, the notional rate will be 15% for all EU transactions.
So changing the tax rate is not really an option if you have EU acquistions in your current VAT period.
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