Sometimes you have to include a Value Added Tax (VAT) to a project. Though standard practice might be invoicing net fees, there is a simple solution that can be used at the project level for projects requiring VAT.
- On the Projects screen, select that project and go into its details.
- Under the General > Billing Options tab, you can set the Sales Tax to the required VAT percent, say 10%.
- You can then rename this field to say VAT instead of Sales Tax. From the side menu, open Settings > Display & Formatting > Custom Labels and under the Company drop-down, change the Sales Tax label to VAT.
- Also, be sure to select the option No Taxes in the Contract Includes field in Settings > Projects > General. This allows you to bill your contract amount as well as taxes separately.