In this guide, we show How to Set Up a VAT Year in MAT Finance via the VAT Rates and Periods option.
Access: The minimum permissions required to access VAT Rates and Periods is found in the Finance Module section of Config > Setup > Roles & Permissions.
To begin, from the left Menu, go to Config > Finance > VAT Rates and Periods.
When the page loads, VAT Rates and VAT Years are displayed.
Within VAT Years, press New.
Complete the VAT Year details and press Save. Asterisked fields are mandatory.
This then gives a breakdown of the VAT Periods and shows whether VAT Returns or 126 Reports have been submitted. Press Save.
To Edit a VAT Year, select the relevant VAT Year and either double click on it or select Edit.
The VAT Year appears in a pop up. Click Save to Save any changes. Changes cannot be made to any greyed out boxes.
