...
How do I specify tax rates
- From the menu barhome page, click Administration > Settings Cog > Tax Rates.
A zero tax rate and Standard 20% rate is already set in the system. Any other tax rates that you create are displayed in the list. - Click Add Tax Rate Create.
- In the Name field, enter a name for the tax rate.
- In the Code field, enter a code for the tax rate.
- Click the refresh button in the Action area at the end of the row to update the information:
the Add Rate+ button - In the Rate field, enter the rate.
For example, if you were entering VAT at 20%, you would enter 0.20. - In the Effective from Date field, set the date from which the rate is effective.
- Click the refresh button at the end of the row to update the rate.Click the activate code button at the end of the first row.
Save. - If you need to edit the code or the rate, click the edit button in the action areaTax Rates list. If you want to add a new rate to the same code, with a different effective date, click the green Add Rate+ button button to add a rate.
- To add a new code and rate, click Add Tax Rate.When you have finished, click Savefollow the above steps.
Who can set up tax rates?
Only Administrators can set up tax rates