E-Business Tax (MOSC)

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Tax Rates

edited Nov 24, 2009 6:54AM in E-Business Tax (MOSC) 3 commentsAnswered ✓
 HI,

I need some help regarding tax rates in ebtax.

I set-up  GB STANDARD RATE  in the system and I created several rates based on effective dates:

15% 01-Dec-2008 to 31-Dec2009

17.5% 01-Jan-2010 onwards

It is great in Oracle that you can have multiple rates based on effective dates but the system enforces you to assign one as the default rate.

So on 1st Jan 2010 I can switch the default to the 17.5% rate then all new transactions with a date on or later than 1st Jan 2010 will use the new rate.

What can I do when I need to create a credit note with the old rate ? The transaction will have a current date but use an old rate.

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