The Tax Tables feature in Gnucash enables the program to calculate the VAT on a transaction if you use the Business Menu features of Invoices and Bills.

Contents 1 We will use Business Menu Features for all Invoicing and Billing. 2 Create Tax Table 2.1 Open the tax table dialog. 2.2 When we start there are no tax table entries. 2.2.1 Enter Tax Table data for Standard Rate Output VAT 2.2.2 Enter Tax Table data for Reduced Rate Output VAT 2.2.3 Enter Tax Table data for Zero Rate Output VAT 2.2.4 Enter Tax Table data for Standard Input VAT 2.2.5 Enter Tax Table data for Reduced Input VAT 2.2.6 Enter Tax Table data for Zero Input VAT 2.2.7 Tax Table after entering data for Output and Input VAT

We will use Business Menu Features for all Invoicing and Billing. Edit

Create Tax Table Edit

In the United Kingdom the VAT rate is currently 20%.

Open the tax table dialog.Edit

When we start there are no tax table entries.Edit

Enter Tax Table data for Standard Rate Output VATEdit

Note. The image should show a value of 20% for UK standard rate

Note You also need entries for E Exempt (no VAT,0.0% ) as applies to bank charges,

and also a line for NR no VAT paid in price as the vendor is not VAT Registered.

Enter Tax Table data for Reduced Rate Output VATEdit

Note. The image should show a rate of 5% for UK reduced rate. edited by Maf. 25/08/2009

Enter Tax Table data for Zero Rate Output VATEdit

Enter Tax Table data for Standard Input VATEdit

Note. The image should show a value of 20% for UK standard rate

Enter Tax Table data for Reduced Input VATEdit

Again, should show 5% rate. Maf.

Enter Tax Table data for Zero Input VATEdit

Tax Table after entering data for Output and Input VATEdit

NOTE You must also add an Input (Purchasing) VAT code E for Exempt purchases, and a line code for these, which cover bank charges etc eionmac 20121028

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