Tax Classification condition change in Customer Master / Material Master

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Hi Folks,

I am at present working on redesign of pricing procedures and as a result I have created new VAT conditions (e.g. MWST).

I have created new conditions with 'Z'.

So Far I have:

1) created new tax condition with 'Z'.

2) updated my pricing procedure with the new condition

Next I am going to:

3) OVK1 - Assigned the new condition to the country

4) OVK4 - Assigned the condition for material tax classification

5) OVK3 - Assigned the condition for customer tax classification

But before I do that I want to analyze the following:

-What will be the effect on the existing material master records which are already using the old condition? I guess we have to make sure that we update all material master data with the right tax classification indicator related to the new condition

-What will be the effect on the existing customer master records?? For this one also we will have to assign correct the tax classification indicators to the new condition which will now appear in customer master.

Apart from this am I missing any step or anything else I need to take care of??? Any advise will be very helpfull

Thanks!!