Impending GST changes
Submitted by Geoffvet on Fri, 25/06/2010 - 20:21
Hi Guys,
Sadly the powers that be have decided to up the GST rate on our side of the ditch come the 1st of October.
I have tried replacing the GST lookup (on my testout computer) but in order for a price to be updated to the new
rate I have to edit each product unit price, change it, ok it, then change it back before it updates the GST to 15 %.
I am hoping there is an easier way as with fixed and unit prices thats about 3000 changes to make.
Fingers crossed,
Geoff
Re: Impending GST changes
Re: Impending GST changes
Hi Tony,
That will be good if you can sort out an sql query to do the job.
Much thanks
Geoff
Impending GST changes
Hi Geoff,
I assume that all product prices are affected by the tax change (unit and fixed) ?
I also assume we can do a standard arithmetic operation to change price i.e newprice = oldprice * 1.175/1.15 (if going from 15% tax to 17.5% tax) ?
What rounding would be required i.e 2 decimal places ?
Cheers
Tony
Impending GST changes
Hi Tony,
Yes both unit and fixed prices. In our case going from 12.5% to 15 %. So newprice = oldprice*1.15/1.125.
Two decimal places would be fine.
So I assume running the query will convert all existing prices to 15 % added GST and then changing the GST
rate itself will sort any future prices automatically.
Much Thanks
Geoff
Impending GST changes
Hi Geoff,
I think the following sql will do what you require. This only updates active prices so any historical prices remain unchanged.
Of course check thoroughly before running on production database. :-)
Cheers
Tony