Set up VAT
VAT rates, categories and how Flick applies them.
Updated
When you turn on VAT registration, Flick adds your country's VAT rates and categories:
- Standard rated
- Zero rated — for example exports
- Exempt
- Out of scope
- Reverse charge — for imported services and certain domestic supplies
Each product and expense account can have a default rate. You can override it on any line.
Reverse charge
When you buy services from a supplier abroad, Flick applies reverse charge automatically, recording both the input and output VAT.
Did this article answer your question?