There are two Tax Rates set up under
Top > Billing Director > Taxation Manager > Tax Rates:
Name: Tax Rate1 %5, Start date: 01-Dec-2013 and End date: 31-Mar-2014 Name: Tax Rate2 %8, Start date: 01-Apr-2014 and End date: unlimited
Renewal order is coming on 20-Mar-2014. Which tax rate will be applied?
Tax period applied is based on the time of order generation.
Tax Rate1 %5 will be applied to an order generated on 20-Mar-2014.
To apply Tax Rate2 %8, it is needed to refund the paid order to the client and generate a new order at the beginning or the 8% tax period.