If you have clients in the United Kingdom, most goods and services are subject to Value Added Tax (VAT) at 20%. Fynlo makes it easy to set up and apply!
Step 1: Add UK VAT (Standard Rate)
Go to Settings → Income → Add New Tax
Name:
UK VAT 20%Rate:
20%(standard rate for most goods and services)Tax Account: Choose an account for tracking, e.g., Sales Tax
Click Save ✅
Step 2: Apply VAT to Your Invoices
When creating an invoice, select UK VAT 20% from the Tax dropdown for each taxable item.
Fynlo calculates the tax automatically and updates your invoice total—no manual math required!
Step 3: What Your Client Sees
Item price for each product or service
UK VAT 20% added
Total amount including tax
Pro Tips
Only apply the standard 20% rate to items that fall under the standard VAT category. Reduced (5%) or zero-rated (0%) VAT may apply to specific goods or services.
You can set UK VAT 20% as the default tax for UK clients so it’s applied automatically on invoices.
💡 Why it matters:
Your invoices stay accurate, taxes are tracked properly, and your workflow stays smooth—helping you stay compliant with UK VAT laws.