VAT codes

If the company is VAT registered it is essential to have the VAT Registration number in the Settings> Company Details section, as it acts as the trigger to implement VAT codes. 

Otherwise all entries will be treated as outside the scope of VAT (VAT code O) and no other codes will be available. See Getting Started> Setting up your Company.

The data is issued with reserved VAT codes that cannot have their VAT Rate or VAT Type changed, however the Code and Name may be changed if required.

Create VAT codes

• From the main menu select VAT > VAT Codes
• Click on Add
• Enter a new code which may be up to 3 alpha/numeric characters.
• Enter a Name and amend the Description if required.
• Select the VAT Type from the drop down menu
• Enter the VAT Rate or leave it as zero if required.
• Click on Save

Edit VAT codes

To edit a VAT code click on the Name.

Remove VAT codes

VAT codes may only be removed if they have not been used in transactions.

• From the main menu, click on VAT > VAT Codes

• Click on the code to select it.
  

• Click the Morebutton.

• Click Remove.

Hide a VAT code

If a VAT code is no longer required and cannot be removed because it has been used, you can archive it by making it inactive. 

• From the main menu, click on VAT > VAT Codes
• Click on the blue Name field or double click on the grid row
• Click on the Active toggle to switch it off
• Click Save