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Is it possible to apply 50% VAT to an invoice from a vehicle lease company. If so how do I do this please?

 
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QuickBooks Team

Is it possible to apply 50% VAT to an invoice from a vehicle lease company. If so how do I do this please?

You can create an invoice and set it to have a 50% VAT in a few easy steps, @nicolabrown.

 

You'll need to activate VAT from your account. This should, thereafter, populate automatically on the invoices. 

 

To set up your VAT, follow these steps:

  1. From the left navigation bar, choose Taxes.
  2. Click the Edit VAT drop-down then click Edit Settings.
  3. Make necessary changes and then enter the VAT registration number.
  4. Click Save

Once done, create a 50% VAT:

  1. Go to Taxes and select Add Tax.
  2. Select the type of tax you want to add.
  3. Provide all the necessary information.
  4. Click Save.

You can go back to your invoices page and create a new one. Enter the 50% VAT on the VAT column.

  1. Select + New and then Invoice.
  2. Provide all the necessary information.
  3. Select a VAT rate.
  4. When you're ready to send the invoice, select Save and send.

Check these articles for more information: 

Please let me know if you have any follow-up questions in creating your invoices, and or other questions. I'm here to help. Have a good one.