Service Manager already comes with the standard list of UK VAT Codes. Should you need to you can add or amend the existing codes.
To create a VAT Code record
- From the home page, choose Data and then Accounts
- Choose the VAT Codes tab
- Choose New to create a new code or Edit to edit an existing code
- Enter a Code for the VAT Code - Such as 'T1'
- Enter the Percentage rate as a number - use 20 for 20% or 5 for 5%
- Give a Description for the code, for example 'Standard rates transactions, currently 20%'
- Choose Save
Your new code will be displayed and ready to use.