Solved
REDUCED VAT RATE ON RECEIPTS FOR EXPENSES
How do I recognise a reduced VAT rate of 5% on business expense receipts? Current options are No VAT/VAT exempt/20% rate - many thanks
Hello Debbiewakeford,
Welcome to the Community page,
If you click in the taxes tab in the main navigation bar>edit vat>edit rates> there will be a little cog wheel>click in inactive>there should be a 5% reduce to toggle on if not then you can click on add tax rates> fill in the information and save. Then you should see the option when you create an expense.