You can now set a different VAT rate for bookings in different facilities at your venue.
TL;DR:
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Bookteq now allows you to set up different VAT rates based on different price schemes.
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This can be useful if you have certain spaces with a different VAT rate, and some facilities on a different VAT rate.
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Follow the step-by-step guide to set up variable VAT rates for your venue.
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Any new bookings placed on the system will inherit the VAT rate from the price scheme.
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You could also use this in combination with custom pricing if your VAT rates are set to change based on the date of the booking.
Overview
Bookteq's new feature allows venue managers to set up different VAT rates based on different price schemes, which can then be applied to different facilities. Previously, the VAT rate was set at the venue level, regardless of the facility booked. This feature gives you more flexibility and control over the VAT rates that are applied to different facilities.
Step-by-step guide
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Log in to your Bookteq account and go to the venue settings.
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Click on Price Schemes in the menu, which will bring you to a full list of price schemes at your venue.
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Click the edit icon to view more details on that price scheme, including the assigned VAT rate.
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By default, the VAT rate will be inherited from the venue level, but you can amend this to reflect the VAT rate for that particular price scheme.
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If this price scheme is set as the default for a facility, it will be selected in the list below, and you can quickly apply this to multiple facilities if required.
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Click to save changes.
Any new bookings placed on the system will inherit the VAT rate from the price scheme. You could also use this in combination with custom pricing if your VAT rates are set to change based on the date of the booking.
Troubleshooting
Q: How do I know which VAT rate is being applied to a particular facility?
A: You can check the VAT rate for a facility by going to the facility settings and checking the price scheme that is assigned to it. The VAT rate for that price scheme will be applied to any bookings made for that facility.
Q: I've set up a new price scheme with a different VAT rate, but it's not being applied to new bookings. What should I do?
A: Make sure that the new price scheme is set as the default for the facility you're booking. If it's not the default, you'll need to select it manually when making a booking. If you're still having issues, contact Bookteq support for further assistance.
Q: Can I set up different VAT rates for different dates?
A: Yes, you can use custom pricing to set up different VAT rates for different dates. When you create a custom pricing rule, you can set a specific VAT rate for that rule.