If your agency is VAT-registered, then you can provide your registration number and date of registration and Elevate will automatically apply VAT at the appropriate tax rate to all relevant activity, e.g. fees charged to landlords or tenants.
If your agency was not initially registered for VAT but at some point does become registered, then similarly you can provide the registration date and Elevate will only apply VAT for the periods during which VAT registration applies.
When you first log in to your Elevate account you will indicate simply whether your agency is VAT-registered, or you may add the full details later.
- Go to the agency admin area via the Settings menu.
- Click the Agency tab.
- Choose the VAT Registration option within the Financial category.
- Click Add VAT Details.
- Provide your VAT registration number and date of registration.
- Click Save.
VAT will be added as appropriate going forward, taking the charge date into consideration when creating charges.
Any existing charges will not be affected or updated by this change. If you have entered charges with the incorrect VAT profile, you will need to delete and redo those charges.