How does Thynk.cloud handle upcoming VAT changes effective January 1, 2026?
By Thynk· Published · Updated
Thynk’s VAT Rule object manages time-based VAT category changes, so bookings made before the change keep the old rates while new bookings and recalculations apply updated rates automatically.
Full answer
Thynk.cloud introduces a new VAT Rule object that allows hotels and venues to manage time-based VAT category changes seamlessly. This ensures bookings created before the effective date retain their original VAT rates, while new bookings and recalculations apply updated rates automatically, streamlining compliance with evolving tax regulations.