Create or edit VAT codes | Access Financials Help Centre

Edit VAT codes when rates change or codes need updating for recoverability:

📌 Note: You're responsible for what's reported to HMRC. If you're not sure what code or EC type to use, or where a code should appear on the VAT return, contact HMRC.

Click System, then click VAT.
Select VAT Rates.
Select the VAT code.
Edit the description and the following fields:

Use	You can use this to limit down the code to only be used in a certain transaction type: General. Sales Ledger Invoice. Sales Ledger Credit Note. Purchase Ledger Invoice. Purchase Ledger Credit Note.
VAT recovery type	The options available Fully Recoverable. Partially Recoverable. Non-Recoverable. If you select partial or non-recoverable then further options are made visible including: Non-Recoverable Update Account. Enter an appropriate Nominal Account. On the partial recoverable section, you're also presented with an Effective from Date and a Recovery percentage rate.
VAT return	In this grid, it defines where the code shows on the VAT return or select to exclude from VAT return entirely by selecting the box at the bottom of the grid.

Click Save.