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U.K. VAT Rate Changes
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">If you currently use tax locations for VAT in OpenAir, U.K. standard VAT rates were reduced to 15% as of December 1, 2008, as you probably know. To update your OpenAir settings, here is what you will need to do:<br/> A <br/> 1. A A A A A A A A Create a new tax location, for VAT at 15%. You may want to rename the original 17.5% tax location to distinguish it from the new one. If you have completed invoicing for the period prior to December 1, you can mark the original tax location as inactive.<br/> A <br/>