VAT Rate - Admin

VAT Rate - Admin

Thread can automatically apply VAT to bills generated on the application. Ensure that VAT is at the correct value and added to each bill by configuring it in admin settings. 

Adding a VAT Rate 

Easily add a VAT rate for your firm and set it as the default value (if your firm only applies one VAT rate to all bills). 

  1. 1. Click Admin Settings. 

  1. 2. Click the General tab. 

 

  1. 3. Click VAT Rate on the left pane. 

 

  1. 4. In the top pane, click Add. 

  1. 5. A pop-up will appear. Enter the name for the VAT Rate, the percentage you want to apply to bills, and choose whether to set it as the default rate for all financial items issued through Thread. 

 

  1. 6. Click Save. 

 

Note: You can have multiple VAT rates, but only one can be the default. You can change to a different VAT rate if needed on a specific file activity or bill.

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