Adding additional VAT rates

 

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:

  1. Navigate to Settings > Deals and Quotations > Preferences > Add VAT rate.
  2. 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
  3. 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.
  4. 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.

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