MITS VAT Changeover for the 2020 COVID19 Economic Stimulus Package

MITS VAT Changeover: implement the 2020 economic stimulus package easily

The planned VAT reduction as part of the 2020 economic stimulus package presents a challenge for many online retailers. Our MITS VAT Changeover system module makes it easy to make your modified eCommerce shop GDPR compliant. This module was specifically developed to make the upcoming switch to the new tax rates from 01.07.2020 as simple as possible. Simply install the module, configure the desired settings and wait for the effective date. Run the module when the change is due, and your shop will automatically adjust the tax rates and, optionally, gross prices to the new VAT rates.

A major advantage: our module takes all custom-configured customer groups in your shop into account and uses correct calculation methods to determine the new gross prices precisely.

Reversing the change and performance for all shops

Reversing the change at the end of the year is also straightforward with this module. Simply run the changeover again to restore the tax rates to 19 % and 7 %. The module is also optimised for large shops and small hosting packages. It changes only a limited number of products per page request, then reloads automatically to prevent timeouts with large amounts of data or limited server performance. Alternatively, you can run the script via a cron job, which even allows a database backup to be created automatically.

Choose your module settings

The module offers a wide range of flexible settings:

• Change the standard tax rate from 19 % to 16 % and back again later.
• Change the reduced tax rate from 7 % to 5 % and back again later.
• Optionally adjust gross prices and attribute prices.
• Optionally adjust special offers.
• You can exclude individual customer groups from price adjustments.
• Adjust the number of products per page reload when running manually.
• Run the module conveniently via a cron job and automatically back up your database at the same time.

Important notice: please note that shipping costs, payment method surcharges and other modules are not changed automatically. You must adjust these manually.

The system module is suitable for modified eCommerce Shopsoftware version 2.x and later. It is also available for the older version 1.0x on request. Prepare your shop for the VAT changeover and ensure a smooth transition.