View - Settings - Accounting
- Accounting settings - Maintenance of VAT rates
The VAT Code Register can be opened via its own button in the Company Settings tab in the Company Settings window or via the Maintenance of VAT rates button of the Accounting Settings tab in the Accounting Settings window.
You can also edit the VAT codes directly from the Journal
entry by using the VAT code settings
button on the toolbar. Select the VAT code that you wish to change and
click on the Edit
button.
Tip! If your business was not liable
to pay VAT previously you can change this under View
- Settings - Company - Financial Settings. You will then also have
to set VAT codes for accounts in the Chart of Accounts that are liable
for taxation.
Most of the settings are locked for editing, but you should be able to find VAT codes to cover most purposes.
By editing a VAT code, which controls the position of the code in the list, you can adjust the order in the list for selections in other modules. This makes it easier to access the VAT codes you use most often.
The Description may also be changed if you want to indicate more clearly what the individual code will be used for.
You will find a more detailed explanation of the different fields in the VAT Code window here .
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