Tax registration and rates
Tax › Registration & rates. Tax belongs to the legal entity: one registration and one set of rates cover all its brands. Owners, admins and accountants can see and change it.
VAT registration
Section titled “VAT registration”Enter:
- Registered from: the date your VAT registration started.
- Accounting scheme: Standard (accrual), Cash accounting or Flat rate (with your Flat rate %).
- Return frequency: Quarterly, Monthly or Annual.
- Period ends in month: so your return periods line up with HMRC’s.
Tax rates
Section titled “Tax rates”Add each rate you use with a Code, Name, Rate %, a Type (Sales and purchases, Sales only or Purchases only) and where it is used. These rates appear as choices on invoice and bill lines.
Tax summary
Section titled “Tax summary”Choose a From and To date to see Tax on sales and Tax on purchases for the period.