A10 - Account Default VAT Rate Code (Reports & Settings Report Generator variable)
The default V.A.T. rate code for this account.
A numeric value whose typical size is 1 digit. There are up to 9 V.A.T. rates available to Platinum, the first four of these are usually configured as below.
- 20% (Standard Rate)
- 0% (Zero Rated - Book, Childrens Shoes, Items sold overseas etc.)
- 0% (Exempt - Essential safety equipment)
- 5% (Reduced Rate - Fuel etc.)