With VAT schemes you link the VAT classes to a specific percentage. They allow you to charge a different VAT rate for (future) projects or invoices.
Setting up a new VAT Scheme
If you want to apply new or changed VAT rates for your existing you can do this with VAT schemes.
- To edit or create a new VAT scheme go to settings Configuration > VAT schemes (under financial)
VAT Schemes have three options:
- Rates: These are the VAT classes that you've configured in Rentman (high, low, zero, etc.)
- Fixed rates: A single rate that will be applied to the entire project.
- VAT reverse charge: A 0% rate for cross-border business.