With effect from 1st July 2020, Germany has decided to lower their VAT rates to help boost the economy after COVID-19 and it is quite likely that other countries will follow in their footsteps.
- Standard rate is to be reduced from 19% to 16%
- Reduced rate is to be reduced from 7% to 5%
The good news is, if you charge German VAT then you can amend Opera 3 yourselves. All you have to do i follow the two steps below:
- Simply access the VAT codes under VAT Processing from the Opera 3 system menu
- Then for each German VAT code on the system enter the new rate in Rate 2% and the start date in the Date 2 field
The new rate will automatically come in effect from this date.
![VAT How to Change the German VAT Rate in Pegasus Opera 3](https://www.complete-it.co.uk/wp-content/uploads/2020/06/VAT.jpg)
If you are having any trouble please get in contact with your technical adviser who will be able to assist.
Written By Tom Race.