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You need to set the tax rates that are used in RSM InTime. Tax rates are used to calculate the VAT that is added to invoices and in the calculation of VAT on expense items.

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Note: If you have a front-office system then you must align the tax codes in your front-office with the tax codes in RSM InTime.  Imports will fail if the VAT code cannot be found in RSM InTime.  Your tax codes may also need to be aligned with your accounting system.

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How do I specify tax rates

1. From the menu bar, click Administration > Go to Configuration (Image Addedicon) > Tax Rates.
   A   A zero tax rate is and Standard 20% rate are 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:
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   the Add Rate+ button 
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.
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   If you need to edit the code or the rate, click the edit button in the action area. Save.
   
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9. 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
   

If you need to edit the code or the rate, click

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the Edit button in the Tax Rates list. 

Who can set up tax rates?

Only Administrators can set up tax rates

Delete Tax Rate:

SuperAdmins are given ability to delete Tax Rates on request.

Navigate to Settings > Tax Rates, click on Edit button of Tax Rate that needs to be deleted.

In Edit Tax Rate screen, click on Delete button to delete the Tax Rate that was created as duplicate or generated in error.

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It is highly recommended to use the Delete button by Super Admin users to delete duplicate tax rates  or tax rates generated in error.

Tax Rates, which are already in use, cannot be deleted by super admin user.