Choose the VAT/ Tax Rates tab on the Setup page to edit the VAT or Tax Rates offered for selection when editing items on invoices.

 

Note: SliQ is pre-configured with the UK VAT rates. There will only be a need to change the information on this tab if the government alter the VAT rates.

 

 

Note: If you are working in a country which uses a different system to VAT, then you can change the currency symbol SliQ uses and change the title VAT to something else, e.g. Tax and set the appropriate tax rates on this page.

 

 

The following picture shows the VAT/ Tax Rates tab.

 

vatratestabs

 

There are 5 available VAT  or tax rates as described in the following table.

 

Name

Description

Rate #1

This is the 0 VAT rate and cannot be altered.

Rate #2

This is the lower rate. The rate can be altered.

Rate #3

This is the standard rate. The rate can be altered.

Rate #4

By default this VAT rate is not used. By checking the Enable VAT Rate checkbox the rate can be configured for use in invoices and quotes.

Rate #5

By default this VAT rate is not used. By checking the Enable VAT Rate checkbox the rate can be configured for use in invoices and quotes.

 

All changes will be saved automatically.

 

Note: No changes to the VAT or Tax rates will affect any existing invoices.

 

See Also

 

Setup