Within the Settings of Teamleader One, you'll find a section called VAT Rates. Here, you can easily manage and adjust the VAT rates that apply to your invoices, quotes and credit notes. This ensures that your administration is always accurate and complies with the correct VAT regulations.

Adding a Rate

To add a new VAT rate, just follow these simple steps:

1. Name: Give the VAT rate a recognizable name, such as “Standard Rate” or “Reduced Rate”.
2. Percentage: Enter the VAT percentage that corresponds to the rate, like 21%, 6% or 0%.
3. Code: Enter a VAT code if it’s relevant for your administration or accounting system.

Once you have filled in all the fields, click OK to save the new rate. From now on, you can use this rate on your invoices, quotes and credit notes.