Tax Rates

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

You can set as many tax rates as you need.

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

Once a tax code is set up and saved, that code cannot be changed in the system. The rate itself and the effective date can still be changed, though.

How do I specify tax rates

1. Go to Configuration (icon) > Tax Rates.  A zero tax rate and Standard 20% rate are already set in the system. Any other tax rates that you create are displayed in the list.
2. Click 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 Add Rate+ button 
6. In the Rate field, enter the rate.
7. In the Effective from Date field, set the date from which the rate is effective.
8. Click Save.
   
   
   
   
9. If you want to add a new rate to the same code, with a different effective date, click the Add Rate+ button to add a rate.
   
   

If you need to edit the code or the rate, click the Edit button in the Tax Rates list. 

Who can set up tax rates?

Only Administrators can set up tax rates