When you set up your template for invoices under Settings > Document layout > Invoices, and you download our example template, you'll see the shortcode $LEGAL_NOTES$.
This shortcode will be replaced by the according VAT rule. Some VAT rules will be defined by default. The VAT rule will be displayed within your invoice under the articles:
In this example, the VAT rule is: exempt from Belgian VAT - art. 44, paragraph 2, 4 WBTW. This value would then be filled in in the shortcode $LEGAL_NOTES$.
Remarks:
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For most of the VAT rates, you can edit the VAT rule by clicking on the pencil next to the VAT rule within the invoice contents.
- ! When the editing of booked invoices and credit notes is disabled in your account, you can't edit the VAT rules of an invoice anymore.
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You can also set the new rule as default for this VAT rate by switching the toggle "Make this the default rule" to "Yes".
- Under Settings > Revenue > Extra VAT rates > Show advanced options > 'Invoice VAT rules', you also have the option to create your own VAT rule or edit them.
- When creating a credit note from your invoice, the shortcode $LEGAL_NOTES$ will display a reference to the linked invoice instead of the VAT rule: "This credit note is linked to invoice X"