In light of today’s (1st December 2008) change to the Value Added Tax rate, we have now re-worked the management of VAT within our e-commerce software, Ballyhoo Commerce.
Variable VAT rate
The rate of VAT applied by the system can now be adjusted for each site. This allows us to easily switch to the new VAT rate and back again when we return to the original 17.5% on 31st December 2009.
EC VAT handling
With a number of our clients now making good use of the international features of the Ballyhoo system, we have added additional support for European Community VAT management. If you are VAT registered and sell to countries within the European Community, the system will ask your customer to confirm their VAT Registration number (if applicable) in order for VAT to be removed from their order. As usual we’ve ensured that if you are not VAT registered or do not ship to EC countries your system will not be affected by this change.