There doesn’t appear to be a hospitality 5% vat rate for expense posting

Thanks for visiting the Community, leon7.

We still have to add the hospitality rate that’s why it doesn’t appear in QBO. Before setting it up, I recommend consulting with an account for the specific VAT code to use. This is to ensure all transactions are properly reported in your VAT return. Once you have the details, let me guide you on how to add the rate.

Here’s how:

1. Tap the Taxes menu on the left panel to choose VAT.
2. Then, hit the Add tax button in the upper right.
3. Next, select Tax rate and enter the information about the tax.
4. Click Save.

For more insights into this process, check out this guide: Set up and edit VAT settings, VAT codes, and VAT rates.

Additionally, this article contains links to VAT processes in QBO: Getting Started.

Let me know in the comment box if you need further assistance with QuickBooks. I’ll be right here to lend a helping hand. Have a good one.