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How do I recognise a reduced VAT rate of 5% on business expense receipts? Current options are No VAT/VAT exempt/20% rate - many thanks
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Hello Debbiewakeford,
Welcome to the Community page,
If you click in the taxes tab in the main navigation bar>edit vat>edit rates> there will be a little cog wheel>click in inactive>there should be a 5% reduce to toggle on if not then you can click on add tax rates> fill in the information and save. Then you should see the option when you create an expense.
Hello Debbiewakeford,
Welcome to the Community page,
If you click in the taxes tab in the main navigation bar>edit vat>edit rates> there will be a little cog wheel>click in inactive>there should be a 5% reduce to toggle on if not then you can click on add tax rates> fill in the information and save. Then you should see the option when you create an expense.
Thank you so much!
You're welcome Debbie:smiling_face_with_smiling_eyes::smiling_face_with_smiling_eyes: Any other questions just come back here and ask them in the Community.
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