Manage VAT codes

A VAT code (tax code) is a descriptive name or identifier for the amount of VAT that you are required to collect and pay to the government. For more information, see About VAT rates and VAT codes. You can add, edit, remove or make VAT codes inactive. Microsoft Office Accounting 2009 includes VAT codes for the standard VAT rates set by HM Revenue & Customs.

Note: For the most up-to-date information about current and past rates, see Rates, Codes and Tools on the HM Revenue & Customs Web site.

  1. On the Company menu, point to VAT and then click Manage VAT Codes.

  2. Do one or more of the following:

    • Add a VAT code.

      1. Click Add.

      2. In the Add or Edit VAT Code dialog box, in the VAT code field, type a name for the new VAT code.

      3. In Description, type a description for the VAT code.

      4. If you do not want the VAT code to be active, clear the Active check box. New VAT codes are marked as active by default.

      5. Click the Rate field and then type the rate as a percentage.

      6. To change the start date, click the As of field, click the arrow and then select a date in the calendar.

      7. Click OK.

    • Edit a VAT code.

      1. Click the VAT code that you want to edit.

      2. Click Edit.

      3. In the Add or Edit VAT Code dialog box, enter your changes.

      4. Click OK.

    • Remove a VAT code.

      You can remove a VAT code only if it has not been used in any transactions. If you are no longer using a VAT code and want to make it unavailable, edit the VAT code to clear the Active check box.

      1. Click the VAT code you want to delete.

      2. Click Remove.

      3. Click OK.

  3. To exit, click Close.

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