VAT Rate Changes
The VAT Rate for Ireland is changing on the 1st January 2012 from 21% to 23%
It is important that you update your SALONGENIUS system to ensure that the sales tax is correctly calculated. You should NOT edit your existing 21% VAT Rate and change it to 23% otherwise all your sales for the 2011 period will display at the new rate.
To help make the transition seamless we have produced a little utility which you can download and run. Ideally you should do this on the 1st Jan 2012 before you start trading. However if you forget and start trading don’t worry. This utility will also recalculate VAT on your sales from the 1st Jan 2012.
Click this link to download the utility in a ‘zip’. Once it is downloaded you can simply open it (double click) and then extract the file contained within. This file can then in turn be opened (double click) and you will see the main program window (shown below).
If you want to update your Stock ‘Retail Price’ then put a tick in the appropriate box. Also note the rounding feature which can ensure your new RRP’s don’t end up being ‘odd prices’ e.g. €12.83, you can either round up to the nearest, or round down to the nearest, it is configurable to adjust your prices up or down taking advantage of the tax increase.
Once you are happy with the settings click on ‘Update Stock Records’.
If you need help with any of this process then do call Support on +353 1 8354894 but please bear in mind we are expecting many of our Customers to call and could be very busy.
