In LAB 50 version 7, changing the VAT rate requires changes in the Store Management section of the software.
The steps are the following:
1. Click on the Store Management tab on the top tab fields. (see image below)
2. Click on the Tax Rule section. (see image below)
3. If you don’t have an existing Tax Rule, simply click on New or Create a new Tax Rule. If there’s an existing rule, double-click on this specific Tax Rule. ( see image below)
4. Once, the tax rule section open, please make sure you pick the VAT field in order to perform the change. (see image below)
5. Make sure you press Save to retain the changes in LAB50.