Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

...

How do I specify tax rates

  1. 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.
  2. Click Add Tax Rate Create.
  3. In the Name field, enter a name for the tax rate.
  4. In the Code field, enter a code for the tax rate.
  5. Click the refresh button in the Action area at the end of the row to update the information:
    Image Removedthe Add Rate+ button

    Image Added

  6. In the Rate field, enter the rate.
    For example, if you were entering VAT at 20%, you would enter 0.20.
  7. In the Effective from Date field, set the date from which the rate is effective.
  8. 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.
    Image RemovedSave.

    Image Added

  9. 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.
  10. 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