Thank you JenoP for your detailed answer but this is exactly what I have at the moment. I guess I framed my question wrong. Lemme try and frame it properly again:

 this is how my invoice should look

• item1:                       $10.50 (item prices are tax inclusive)
• item 2:                      $10.50 (item prices are tax inclusive)
• total before VAT:    $20.00
• VAT (5%) charged:   $1.00
• total:                         $21.00

Please let me know if you (or anyone) can assist in creating this sort of format on QB, if possible.

Thanks,

S.