Step 3. Set Up VAT Codes
Set up any company VAT codes and percentages. You can do this
via the Tools menu – Go
to Tools | Options | Company Codes | VAT
Codes.
Notes and
Tips: IRIS Bookkeeping is installed with the
following VAT rates set up automatically: Standard Rate for VAT at
17.5%, Zero Rate, 5% Rate, Exempt, EC Goods, and Out of Scope and
Non-Deductible. You can modify VAT rates or set up any additional
rates.
