Tax rates
Manage the VAT rates available on your invoices and quotes
Tax rates
This tab manages the VAT rates available on your invoices and quotes.
Preconfigured rates
YouInv ships the four Belgian rates, each identified by a code:
| Rate | Label | Code | Description |
|---|---|---|---|
| 21% | Standard VAT | BE-21 | The normal VAT rate, 21% |
| 12% | Intermediate VAT (12%) | BE-12 | The intermediate VAT rate, 12% |
| 6% | Reduced VAT (6%) | BE-06 | The reduced VAT rate, 6% |
| 0% | Exempt (0%) | BE-00 | VAT exemption |
The rate marked Default is the one applied to new document lines. It is changed from the Billing tab, in the Default VAT rate field.
Adding or editing a rate
The Add a rate button, at the top right, creates an extra rate. Each line in the list carries two actions:
- the pencil icon to edit the rate
- the bin icon to delete it
Deleting a rate used on existing documents can affect your totals and your declarations. Prefer creating a new rate over editing a historical one.
If your company is not liable for VAT, do not delete the rates: turn off the Liable for VAT option in the Company tab instead. New lines then use the 0% (Exempt) rate automatically.