What are VAT classes?

Every item/crew/transport function in Rentman is assigned a VAT class. Think of these as the "VAT groups" that the item should have.

For example, your items may be taxed at two different rates: "High rate" (e.g. equipment taxed at 23%) and "Low rate" (e.g. equipment taxed at 10%). VAT Classes are nothing more than names. Rates will only be assigned to these VAT classes when used within a VAT Scheme.

By default most Rentman accounts are already set up with the following 3 VAT classes:

  • High rate
  • Low rate
  • Zero rate (goods excluded from VAT)

To edit or create a new VAT class, go to settingsConfiguration >  VAT Classes.

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