How to change tax rate in Quickbooks - Quickbooks VAT rate change

In one of my posts on how to manage and track VAT, I explained how you can set up VAT in Quickbooks.

Depending on your TAX LAW, VAT rate may change and you will need to position your VAT rate in Quickbooks to reflect the current VAT rate.

On the Quickbooks menu, Click VAT and select Manage VAT

A VAT set window appears.

Click Change VAT Setup

Select Change an existing VAT rate and click Next

From the VAT code drop down, select the VAT rate you want to change and click Next

Double-Click the old VAT figure, Cancel and Enter the New VAT rate, Click Next and Next

You will see the old VAT and new VAT rate as changed. Click Finish to save the Rate Change in VAT