How should I change QFM to reflect a change in the rate of VAT (goods and services tax)?

Answer
The VAT Codes table in QFM4 is accessed via “Applications > General > Finance > Lookup Values”. Here you can maintain a set of different tax rates for use throughout QFM. If a rate that is in use changes, it is recommended that you create and start to use a new rate in order to preserve historical data (the old rate). If you change an existing rate then all instances of that rate throughout QFM will be changed to the new rate.