Adjusting VAT rates in Hotel Software - It's easy with Lodgit Desk
Due to the ongoing pandemic many governments around the world are changing VAT rates for businesses from the 1st of January 2021.If your business will be effected by these changes, you’ll at least find it easy to change the VAT rates inside of Lodgit Desk.
Here in Germany a temporary reduction in value-added tax was allowed from July 1st until Dec 31st 2020, with the VAT rate reduced from 19 percent to 16 percent and the reduced rate from 7 percent to 5 percent.
Now that this six-month period is about to end, you should adjust the VAT rates in Lodgit Desk again, from 5% to 7% for lodging services. Food services (breakfast, half board, but no drinks!) will also need to be adjusted to 7% on 01.01.2021, with this returning to 19% again on 7/1/2021. Drinks must be taxed from 01.01.2021 with 19% VAT.
With Lodgit Desk you can make changes to the VAT rates with little effort.