Set up as many VAT rates as you need.
VAT on transactions is recorded for you.
Use the sales tax report to complete a return.
Default VAT rates are set up, initially to 0%, for tax on purchases, sales, and imports, and tax exempt.
Calculate VAT on each line item in your invoices, quotes, purchase orders and bills.
Run the sales tax report to gather information for completing VAT forms for a selected tax period.
Xero became a really critical tool for us as we took on more staff.