Specifying Tax Rate Codes for Tax Rate Areas
Access the Tax Rate/Area Additional Information form or the Tax Rate Area Additional Details form.
- Tax Rate/Code
Enter a value that exists in the Tax Rate Code UDC table (74P/TC) to specify the tax rate code for the tax rate area. Values are:
Blank: Blank value (No tax rate applies)
0: Standard Rate (currently 22% or 23%)
1: Reduced Rate (currently 8% or 7%)
2: Second Level Reduced Rate (5%)
3: Third Level Reduced Rate
4: Fourth Level Reduced Rate
5: Zero Percent Rate