To create an additional VAT code unique to your company, follow the steps below:
- Go to Taxes.
- Select Add Tax.
- Select the type of tax you want to add.
- Tax rate: add another tax rate for VAT, such as a local tax that is not already included.
- Group rate: combine multiple taxes and make applying them to your transactions easier. All taxes you include are calculated and charged at once, but we track them separately for you.
- Custom tax: add a tax agency and a tax percentage, such as an environmental levy, hotel, or petrol tax.
- Select Save.
Your new VAT code is now available when you create your next invoice/expense/bill.