Hi. We’re a hospitality business charging the reduced 5% Vat rate which rises to 12.5% on 1st October 2021. Does anyone know if you can add your own Vat rate to QF? Currently it only offers 0, 5% and 20% as far as I can see. Thanks!
Is this when you’re creating an invoice?
Hi. It’ll apply to all non-alcohol hospitality sales through the cash register and invoices. Following Covid, the chancellor reduced the hospitality vat rate to 5% (which is already an option), but it rises to 12.5% as an interim rate on 1st October on the way back to 20% next year.
So you want to be able to change the % in both the cash register tool and the invoices?
I think so! Not just me, it’ll be the temporary reduced rate (non-alcohol) for all UK hospitality businesses between 1st October 2021 and 31 March 2022.
I’m sorry for the delay in coming back to you.
You can add your own custom VAT rate by going to Account Settings > Advanced Features. This won’t be set as the default on the account, but you can select it when creating invoices or using the cash register tool.
I hope this helps, but if you have any further questions, please don’t hesitate to ask.
This topic was automatically closed after 19 hours. New replies are no longer allowed.