VAT Rates

The VAT Rates section has the following options available.

Note: The acronym "VAT" will change dependant upon what is currently setup on your system (e.g. GST).

List VAT Rates

This shows all of the current VAT Rates Setup.

Create / Edit VAT Rate

Use this option to create or edit VAT rates, the following options will be available:

• Description
  • This is used through the system to explain the rate - e.g. "Standard"
• VAT Rate
  • Numeric to 2 decimal places.
• Sage Code
  • As Required, check with Support if you are unsure.
• Quickbooks Code
  • As Required, check with Support if you are unsure.
• Magento2 Code
  • As Required, check with Support if you are unsure.
• EC VAT Code
  • Use this option to apply this rate to customers who set as "EC Customers".
• Active
  • Green for Active, Red for Inactive.
• Default Rate
  • Green for Default, Red for Not Default.
• Exempt Rate
  • Option to set this rate as the "Exempt" Rate.

Delete VAT Rate

Use this option to permanently delete a VAT Rate. This cannot be reversed and all of your stock records will be reset!