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paulwestern1
Level 1

How do I set a -20% tax rate on my invoice

 
1 REPLY 1
IntuitLily
Moderator

How do I set a -20% tax rate on my invoice

Glad to see you in the Community space, @paulwestern1.

 

I'm here to share some information about setting up tax rates in QuickBooks. Our system automatically sets up a list of VAT codes in compliance with the provided VAT codes from HMRC. 

 

If you need to set up another code other than the standard rate, you'll need to consult an accountant or tax expert first to ensure if this is applicable to your business.

 

I'll include the following helpful guides to learn more about the common VAT codes and how you can edit the rates used in QBO.

 

Know that I'm always here to help if you have additional questions. Have a great day!

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