Edit a VAT Rate

To edit an existing VAT rate:

1. On the Set-up menu, click VAT.
2. Click the Rates tab.
   

   VAT Rates

3. Find the VAT rate line you want to edit, and click the box you want to change.
4. You can edit one or more of the following:
   • Rate code – A one or two character code that identifies the VAT rate, e.g. S.
   • Rate Name – A name to identify the VAT rate, e.g. Standard.
   • Rate Percentage – The VAT rate e.g. 20.
   • Inclusive – select if the rate is an inclusive rate.
   • Used – select if the rate is in use. Clear to put the rate out of use.
5. In the VAT treatment list, click the VAT treatment that applies to the rate.

   Note: Selecting the wrong VAT treatment will change which transaction detail lines contribute to which box of your VAT return. The wrong VAT treatment will make your return incorrect.

6. Click Confirm.

Note: VAT rates will be set up during the implementation of your Horizon system and will rarely change. Making changes can stop orders being received by suppliers.

See Also