In this guide, we will show you how to setup a VAT Year in MAT Finance via the VAT Rates and Periods option.
Access: The minimum permission required to access VAT Rates and Periods is found in the Finance Module of Config>Setup>Roles & Permissions.
![](https://d3kchveacp7yrb.cloudfront.net/2022/11/image-66-1024x246.png)
From the left Menu, go to Config>Finance>VAT Rates and Periods.
![](https://d3kchveacp7yrb.cloudfront.net/2022/11/3-4.png)
When the page loads you will see VAT Rates and VAT Years.
![](https://d3kchveacp7yrb.cloudfront.net/2022/11/image-67-1024x595.png)
Within VAT Years press New.
![](https://d3kchveacp7yrb.cloudfront.net/2022/11/5-1024x214.png)
Complete the VAT Year details and press Save. Any fields with * next to them are mandatory and must be completed.
![](https://d3kchveacp7yrb.cloudfront.net/2021/10/Zab6Hdwp-MAT-Finance-VAT-Year-003.png)
This will then provide you with a breakdown of the VAT Periods and show whether you have submitted your VAT Return or 126 Report.
Press Close.
![](https://d3kchveacp7yrb.cloudfront.net/2021/10/vjKQKQS6-MAT-Finance-VAT-Year-004.png)
To open this at any time go to Config>Finance>VAT Rates and Periods and then select the relevant year in VAT Years and either double click or select Edit.
![](https://d3kchveacp7yrb.cloudfront.net/2021/10/HXcN1Xf3-MAT-Finance-VAT-Year-005.png)
VAT Rates should be added as part of the setup.