taxes

How do I change the Flat Rate percentage in Zoho Books?

If you wish to change the flat rate percentage for the VAT you charge your customers, you can do so with just a few clicks.

To change the flat rate percentage:

  • Click on the Gear icon on the top right corner of the screen and select VAT from the drop-down.
  • In the screen that follows, make sure the checkbox against Use Flat Rate scheme for VAT is ticked.
  • Enter the new flat rate percentage against the Flat Rate field.
  • You can also mention the flat rate charged for pre-dated transactions, in the Flat rate for the pre-dated transactions field.
  • Select the date before which you wish to apply a different rate and mention the percentage in the corresponding box.
  • Finally, click Save.
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