Will Quickbooks create a new VAT code for the 15.5% VAT from May 2025, or do we need to create the new code ourselves?

QuickBooks Online (QBO) will automatically update the VAT rate, userleeann. I am here to explain the details to you below.

In keeping with tax agency standards, QBO will smoothly integrate the new 15.5% VAT rate on May 1, 2025, replacing the current 15% rate.

Moving forward, the system will implement the new VAT rate on all invoices, maintaining tax precision and eliminating the need for you to make any manual modifications.

Additionally, for any future requirements to modify VAT rates in QBO, consult this guide. It explains the consequences of rate alterations and provides instructions on how to implement them: Edit VAT rate in QuickBooks Online.

Your understanding of VAT rates in QBO is important to us. If you need more information, please click Reply. Our dedicated support team is here to provide comprehensive answers.