Code |
Enter a unique code for the VAT Rate, as a default Surf Accounts uses standard letters, A for Standard, B for Reduced, X for Exempt and Z for Zero. |
Rate |
Enter the VAT Rate for this Code. |
Description |
Enter the Description for the VAT Rate for example “Standard (Old Rate)” or “Reduced Rate” etc. |
Exempt |
Tick this box if this is the VAT Rate to be used for VAT Exempt Customers, there can only be one exempt code at any one time. |
No Longer in Use |
This tick box should be used where a VAT Rate has changed and the old Rate is no longer in use. |
Setting up VAT
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