Changing Tax Code On Invoices

[Jenny73]

I am trying to change the tax code that appears on my invoices.  I am not registered for GST and the default tax code in chart of accounts is N-T.  I need the tax code appearing on my invoices to be FRE and not N-T and can't find where to change it.  Any help would be appreciated.  Thanks.

[Princess_R]

Hi @Jenny73,

Thank you for your post.

You can change the tax code by opening the invoice, going to the Tax Code column, and selecting the dropdown arrow to change the tax code. This method is the same for the browser version.

Kindly make sure to click on the Save button.

Please let me know if you require any further assistance. I'm happy to help.

Cheers,

Princess

[Jenny73]

Hi Princess,

Thanks for your reply but it is not giving me the option to change the tax code.  The PDF of the invoice is showing the Tax Code as N-T and I need it to show as FRE.  Are you able to offer another solution.  

Thank you. 

[Princess_R · Accepted solution]

Hi @Jenny73,

Thank you for your response. Upon checking the screenshot you've provided, you can't see or have the option to change the tax code as your business is not registered for GST, which is why there's no tax code column in your invoice. Generally, if a business is not registered for GST, the default tax code is N-T. If you want to change this to GST-free, I suggest speaking to your financial advisor or your accountant regarding this.

Please let me know if you require any further assistance. I'm happy to assist.

Cheers,

Princess

[Jenny73]

Hi Princess,

Thanks.  Is there a way to alter this, as my invoices should be showing as FRE not N-T.  It's not really something I need to speak to my accountant about, I would like to be able to alter it in my file so that my invoices are showing the correct GST code.

Would you have a solution?  Thank you.

[gavin12345]

Hi @Jenny73 

Is you were advised your invoices should show FRE, you should check this advice with your accountant. Codes like N-T FRE GST etc are for Tax Invoices only. If you are not GST registered, you cannot provide a 'tax invoice', instead you would provide an 'invoice' without tax codes - or otherwise state that you are not GST registered etc.

The code is only for the recipient. If you are not registered for GST, the recipient (customer) cannot claim any GST, so whether you use no code, or N-T or FRE shouldn't make any difference.

If you want FRE showing on your invoices, you would need to register for GST and provide a 'tax invoice'. So speaking with your accountant as suggested by @Princess_R might be the best step.

Regards

Gavin

[Princess_R]

Hi @Jenny73,

Thank you for your response.

As @gavin12345 has mentioned, if your business is not GST registered, you can't provide tax invoices. If you want to alter the default N-T in your invoices, it would be highly recommended to speak to your accountant regarding changing your business to be GST registered to provide tax invoices to your customers.

Thank you so much, @gavin12345, for providing detailed information regarding the issue. I really appreciate your support here in the Community forum.

Cheers,

Princess

[Jenny73]

Thank you Priness and @gavin12345 for your advice and time in replying.

[Princess_R]

Hi @Jenny73,

You're always welcome. Please don't hesitate to create a new post if you need help in the future. We are more than happy to assist.

Cheers,

Princess