Teamleader Focus provides a standard selection of VAT rates, but it may be possible that you need to add additional rates.
The VAT rates available in your account by default are:
0
6
12
21
CM (other EU member state)
EX (outside EU)
VCMD (other EU member states-facilities)
To add additional rates, follow these steps:
Navigate to Settings > Deals and Quotations > Preferences > Add VAT rate.
Add a unique code, a percentage and a description
The unique code is important to distinguish different VAT rates
The percentage is the VAT rate
The description will be displayed when you add a product to a quotation or an invoice, and choose the VAT rate
Show advanced options: optionally add a VAT rule that will be added to the invoice or credit note for this VAT rate. This rule will then be generated via the shortcode $LEGAL_NOTES$ which you can read more about here.
The created VAT rate is added to the list of additional VAT rates under Settings > Deals and Quotations > Extra VAT rates.
The default VAT rate in your account when creating a quotation or invoice - at least for Belgium - is 21%. If you’d like to use a different default rate, please contact support and let us know which rate you’d prefer.