Manage Taxes

You must set up the VAT tax for the UK Tax Regime. This is mandatory for the tax status code setup.

Follow these steps:

1. Navigate to Setup and Maintenance and click Manage Taxes.
2. Edit the GB VAT tax value.
3. In the Edit Tax: GB VAT dialog box, complete the setup as needed.
   You must pay VAT to HMRC at the Tax rate of 20% of the VAT exclusive selling price for reverse charge goods.
4. Click Save.