Keep your tax rates

Tax rates are the sales tax and VAT percentages your business charges, kept in one list in Settings under Accounting.

List the sales tax and VAT rates you charge once, in Settings, so documents and reports can use them.

Before you start

• Turn on Accounting

Steps

1. Open Tax rates in Settings, under Accounting.

   Open in the app

2. Choose New tax rate and enter its name and percentage, up to three decimals.

3. Tick Compound for a tax charged on top of the other taxes on a line.

4. To retire a rate, untick Active rather than deleting it.

Check it worked

The new rate appears in the tax rates list under Active, and opening its row shows its rate and whether it is compound. A deleted rate leaves the list, and its name is free for a new rate.