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gilles2
Level 1

How do I change the tax name?

Hello, On a sales invoice, the tax item line says "USt. id. Nr." instead of "MwSt." How do I change this? I believe I created this mistake when I initially set up the Tax, by giving it the name USt. id Nr. I tried making it inactive and starting from scratch but without any luck. Thank you for your help... 

3 Comments 3
ReaM
QuickBooks Team

How do I change the tax name?

Hello there, gilles,

QuickBooks Online will follow the initial setup you've made on the sales tax settings especially the tax agency name. You need to deactivate the tax rate or rename it, then recreate this tax rate to the new tax agency. 

To change USt. id. Nr. to MwSt., let's create a new tax agency to get this resolve

Here's how:

  1. Go to the Taxes menu.
  2. Choose Add tax.
  3. Select Custom tax.
  4. Fill out all information needed like Tax name (MwSt.), Tax agency name (MwSt.), and Registration number.
  5. Enter the Start of current tax period, Reporting method and Filing frequency.
  6. Click Save once done. (Please see attached file below)

Once done, you need to edit all transactions using the new tax code to show MwSt. name on each invoices. You can also check by creating a dummy invoice using the new tax code.

That'll get you going, gilles. You can now use the new tax code of the newly created tax agency name in all your sales transactions.

To know more about it, you can check out this article: Entering and Editing Tax Agency Info.

Should you have other tax concerns, let me know by leaving a comment below. I'm just around if you need help.

gilles2
Level 1

How do I change the tax name?

Hi, Thanks you for your reply and instructions. As I have not been able to change the name and had to create a new tax agency, how do I delete the other one? thanks again!
ReaM
QuickBooks Team

How do I change the tax name?

Thank you for your response, @gilles.

Currently, to delete a tax rate or a tax agency isn't possible in QuickBooks Online. Since you'll no longer use it, you can deactivate the tax rate or rename the tax agency.

To do it, you can refer to this article: <a rel="nofollow" target="_blank" href="https://quickbooks.intuit.com/community/Income-and-expenses/Delete-sales-tax-rates-and-agencies/m-p/...>

More power to your business.