Admins, owners, and accountants can create, edit and delete VAT rates as used in the accounting system. Active VAT rates can be assigned to transactions.
Setup
VAT rates can be managed within Settings > Accounting > VAT rates.
Important note: To access the configuration page please make sure that VAT rates are activated on Settings > Accounting. If you have enabled one of our accounting system integrations you cannot disable VAT rates.
How to manage VAT rates?
VAT rates can be created, deactivated, reactivated or deleted. You have the possibility to search the list of all VAT rates or to filter by status (active, inactive, all) using a dropdown.
Based on your organization's location the most used VAT rates were set up. All you need to do is to assign the corresponding VAT codes used in your accounting system.
Creating VAT rates
To create a new VAT rate the following values are needed:
VAT rate name
The name of the VAT rate can be freely chosen and will not be transferred to the accounting system.VAT Rate in %
The VAT rate percentage must be exactly the same value that is stored in the accounting system.VAT Code
VAT code must be exactly the same as the number stored in the accounting system.
Click on the Add VAT rate button to create a new VAT rate. Then define the name, percentage value and code. The newly created VAT rate is immediately available in the Pliant app and can be assigned to transactions.
Deactivate, reactivate or delete VAT rates
To deactivate VAT rates that are no longer needed, select them in the list of all VAT rates and click Deactivate in the Edit VAT rate window, then confirm the action in the following dialog box. This ensures that all transactions to which this VAT rate was assigned previously will continue to be displayed correctly. However, it is no longer possible for users to assign transactions to this VAT rate. Deactivated VAT rates are hidden from the list of all VAT rates, but can be displayed using the corresponding filter option.
Deactivated VAT rates can be reactivated at any time. To do this, filter using the option Inactive only and click on the deactivated VAT rate. Confirm the action in the dialog box by clicking on Activate.
Deactivated VAT rates can be deleted if they are no longer linked to any transaction.