The VAT rate will be automatically adjusted in QuickBooks Online (QBO), Dean. Let me provide you with more details on this matter.
To begin with, QBO adheres to the regulations established by your tax agency. Please know that the updated VAT rate of 15.5% will become effective on May 1, 2025. Subsequently, the system will be updated promptly to accurately reflect this change.
Moreover, all invoices created from that date forward will automatically apply the updated VAT rate. This means there will be no need for you to adjust the rates on your invoices manually.
Furthermore, I'll include this material to help you manage taxes and various other tasks in the tax center: Manage VAT payments in QuickBooks Online.
Your satisfaction in managing your financial tasks effectively is our top priority. If you have follow-up questions about the VAT rate, you can always revisit this thread. My team and I are on hand to provide you with the necessary assistance. Have a good one!
