diff --git a/db_scripts/diff/15062.down b/db_scripts/diff/15062.down
new file mode 100644
index 00000000..4dd2416b
--- /dev/null
+++ b/db_scripts/diff/15062.down
@@ -0,0 +1,30 @@
+USE billing;
+
+SET FOREIGN_KEY_CHECKS = 0;
+
+-- note that the vat information is lost, when this script is executed
+
+BEGIN WORK;
+
+ALTER TABLE billing_profiles 
+  ADD COLUMN vat_rate TINYINT(3) UNSIGNED NOT NULL DEFAULT 0,
+  ADD COLUMN vat_included TINYINT(1) UNSIGNED NOT NULL DEFAULT 0;
+
+ALTER TABLE contracts
+  DROP COLUMN vat_rate,
+  DROP COLUMN add_vat;
+
+alter table contacts 
+  DROP column bank_name, 
+  DROP column gpp0,
+  DROP column gpp1,
+  DROP column gpp2,
+  DROP column gpp3,
+  DROP column gpp4,
+  DROP column gpp5,
+  DROP column gpp6,
+  DROP column gpp7,
+  DROP column gpp8,
+  DROP column gpp9;
+
+COMMIT;
diff --git a/db_scripts/diff/15062.up b/db_scripts/diff/15062.up
index 9658cdb5..61acfd49 100644
--- a/db_scripts/diff/15062.up
+++ b/db_scripts/diff/15062.up
@@ -2,14 +2,27 @@ USE billing;
 
 SET FOREIGN_KEY_CHECKS = 0;
 
-ALTER TABLE billing_profiles 
-  DROP COLUMN vat_rate, 
-  DROP COLUMN vat_included;
+BEGIN WORK;
 
 ALTER TABLE contracts 
   ADD COLUMN vat_rate TINYINT(3) UNSIGNED NOT NULL DEFAULT 0, 
   ADD COLUMN add_vat TINYINT(1) UNSIGNED NOT NULL DEFAULT 0;
 
+-- preserve the vat information by copying it from billing_profiles to contracts
+UPDATE contracts c
+    JOIN billing_mappings m ON c.id = m.contract_id AND
+        m.id = (
+            SELECT mi.id FROM billing_mappings mi WHERE mi.contract_id = c.id
+            ORDER BY start_date DESC LIMIT 1)
+    JOIN billing_profiles p ON m.billing_profile_id = p.id
+SET
+    c.vat_rate = p.vat_rate,
+    c.add_vat = p.vat_included;
+
+ALTER TABLE billing_profiles
+  DROP COLUMN vat_rate,
+  DROP COLUMN vat_included;
+
 DROP TABLE IF EXISTS invoice_templates;
 CREATE TABLE `invoice_templates` (
   `id` int(11) unsigned NOT NULL AUTO_INCREMENT,
@@ -54,3 +67,5 @@ alter table contacts
   add column gpp7 varchar(255) default null, 
   add column gpp8 varchar(255) default null, 
   add column gpp9 varchar(255) default null;
+
+COMMIT;