In Twinfield you have the option to adjust the upcoming VAT increase across all companies by an additional 9% VAT rule to the VAT-low codes. At the moment Basecone is currently not able to synchronise the adjustment correctly. If you have already made the adjustments in Twinfield, the effective date of the VAT is applied immediately and the 9% VAT rate is visible right away in Basecone.
📌 After our upcoming release on the 20th December at 23:00 CET, we will support the new 9% VAT code.
What we advise
We recommend you to make the VAT changes in Twinfield after our upcoming release on the 20th of December 2018 at 23.00 CET. In other words, the changes can be made as of the 21st of December 2018.
What should I do after 21st of December 2018?
After the release on the 20-12-2018, you can create the additional line of 9% on the VAT-layer codes in Twinfield. See the Twinfield blog for an instruction.
If you already applied the changes to the VAT rules in Twinfield, this is synchronized right away with Basecone. After the release on the 20th of December 2018, Basecone will recognize the correct VAT percentages in the booking screen on basis of the invoice date.
What happens if I already applied the VAT adjustments in Twinfield before the release date?
If you have already made the adjustments to VAT code in Twinfield before the release in Basecone, the last VAT line created as 9% will be visible for booking in Basecone as the VAT rate. If you want to process an invoice of 6% VAT in Basecone, then you have to manually adjust the VAT amount proposed by Basecone in the booking screen. Click on the lock (see image below) to open the lock so that you can manually adjust the amounts. Do not close the lock and then click on book to process the invoice to Twinfield with the correct amounts.
How can I book an invoice with 9% VAT if I have not made any adjustments yet in Twinfield?
If you have invoices with 9% VAT that need to be booked, you can manually adjust the amounts in the booking screen. Click on the lock (see image below) to open the lock so that you can manually adjust the amounts. Do not close the lock and then click on book to process the invoice to Twinfield with the correct amounts.