Set VAT rate

Modified on Mon, 2 Oct, 2023 at 10:59 AM

In this overview, you can view all VAT rates that are currently active or inactive in the domain. VAT rates can be updated or new VAT rates can be added..


Only a user with a 'Back office' role in the domain or the 'Management', 'Financial administration' or 'External accountant' role can view this overview and adjust or add VAT rates.


All configured settings such as the settings of the VAT rates, among others, are grouped and categorised in one place in your domain. 


Open the settings of your domain by clicking on the Settings icon in the navigation bar and then, in the now-opened screen, click on VAT rates.


The following screen is opened:



This overview can show all VAT rates or only the active VAT rates.


For each VAT rate is shown, among other things, for which type of document the VAT rate is available, the (VAT type) description, the VAT type, the VAT percentage, the status of the VAT rate (active or inactive) and from which date the VAT rate is valid.


TIP! 

Entrepreneurs that use the Yuki Web service can see which VAT type belongs to which VAT rate.


By clicking > in front of the VAT rate line, you can view the details of the VAT rate and adjust it if required. You can also enter an end date for the VAT rate here.


Create VAT rate

To create a VAT rate in the domain, click on the New record button at the top left of your screen.


The following screen is opened:



Then enter the details of the new VAT rate.


Type

Select the correct type here. This determines whether the VAT rate can be used for a purchase or sales invoice.


Description

While recording a purchase or sales invoice, this description is displayed.


VAT rate

Enter the correct VAT percentage here.


Active

Specify whether this VAT rate should be active or inactive in the domain.


Start date

From this date, the VAT rate is valid.

 

End date

The VAT rate is valid until this date.



Then on click the Save button to add the VAT rate to the domain.


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