The V.A.T. rate in the Republic of Ireland changed to 23% from the 1st January 2012. You may find yourself needing to raise credits for goods sold prior to the rate increase. The existing drop-down menu option, which can be accessed directly using Alt+V, can now be used to change temporarily the rate of V.A.T. to the earlier rate of 21%.
- See How do I Credit Items Sold at a Previous VAT Rate? for more details.