Setting Up Tax Rates
Configure VAT and other tax rates for your business
Tax rates determine how VAT is calculated on your invoices, bills, and expenses. Set up the rates that apply to your business.
Default UK VAT Rates
| Rate | Percentage | Used For |
|---|---|---|
| Standard | 20% | Most goods and services |
| Reduced | 5% | Energy, car seats, etc. |
| Zero | 0% | Food, books, children's clothing |
| Exempt | N/A | Insurance, education, health |
| No VAT | N/A | Non-VAT registered businesses |
Managing Tax Rates
Navigate to Settings → Tax Rates to:
- View all configured tax rates
- Create custom tax rates
- Set default rates for products/services
- Archive unused rates