You can create VAT records from scratch or edit existing ones, including the default records for your country. VAT codes can be mapped to your accounting system to ensure consistency when exporting data.
Creating a VAT record
Go to Setup > VAT.
Click +VAT. The VAT Record page appears.
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Enter the relevant details. See the VAT record fields section below for guidance.
Click Save.
Editing a VAT record
Go to Setup > VAT.
Click the Edit icon on the record you want to update. The record details appear.
Make the relevant changes.
Click Save.
VAT record fields
Field | Description |
|---|---|
Active | Ensures the record is active in the system. Selected by default. |
No Receipt Default | Sets this record as the default VAT code when no receipt is attached to a claim, for example Zero Rated VAT. |
Code | A unique code that identifies the VAT rate applied to purchases of goods or services. |
Name | The name of the VAT code. |
Rate % | The VAT percentage rate. |
EC Type | The type of goods or services to which the code applies.
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