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