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!