How to Create/Edit VAT Rate?

You can add and edit VAT rates applicable to your business by following the steps below. 

1.  Navigate to Settings > VAT rates.

The VAT rates page is displayed.

2.  Click Create new VAT rate. 

The Create new VAT rate dialog is displayed. 

3.  Enter a name for the VAT rate in the Name field. This field is not displayed to customers on any documents.

4.  Enter the percentage of VAT applicable in the Percentage field. 

5.  Check the box Reverse charge if this VAT rate is applicable as a domestic reverse charge in accordance with HMRC documentation. This is displayed on the documents the customer receives as Reverse charge applies.

6.  Click Save changes. 

The new VAT rate is created and displayed. 

Note: 

• You can edit the VAT rate created by clicking Edit in the row of the item and making the necessary changes.
• You can delete a VAT rate that is no longer needed by clicking Delete in the row of the VAT rate and confirming the deletion.
• You can change the order of the VAT rates by holding down the left mouse button on the icon in the Sort column of the Vat rate and dragging it up or down.