
Create a custom VAT code in QuickBooks
by Intuit•26• Updated 1 week ago
If you need a VAT code that better suits your business—such as one for a local or industry-specific tax—you can create a new one in QuickBooks Online. This is useful if the default VAT codes don’t cover your unique requirements.
This article is for customers who use QuickBooks Online. |
Before you begin
- Before you create a new VAT code, make sure VAT is set up in QuickBooks.
- It’s also best to only create VAT codes that are truly exceptional and not already available in QuickBooks.
- If a VAT code already exists but isn’t visible in your account, it may be turned off—you can turn it on instead of creating a new one.
- For industry-specific codes (such as hospitality or holiday accommodation), check the relevant guidance to ensure the correct code is activated.
Create a new VAT code
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 an individual VAT rate, such as a local tax not already included.
Group rate: Combine multiple taxes and apply them together. Each tax is tracked separately but charged as one.
Custom tax: Add a tax agency and percentage for things like environmental levies, hotel, or fuel taxes. - Select Save.
Once saved, your new VAT code will be available to use on invoices, bills, and expenses.
What's next?
You might also be interested in:
- Understanding VAT codes in QuickBooks
- Turning off VAT in QuickBooks
- Getting started with VAT in QuickBooks
Tip: Did you know, with InstantVAT by our partner Adsum, you can receive your repayment in as little as 24 hours - saving you several weeks of waiting for your repayments each year. Sign up today. |
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