Setting Up a Non GST/VAT Registered Owner

  • Updated

This article provides guidance on how to set up owners who are not registered for GST/VAT. This quick guide will show you how to configure settings for non GST/VAT registered owners, ensuring that the appropriate tax rate is applied to income invoices associated with their properties. Follow these straightforward steps to accurately set up non VAT registered owners in your system.


Configuring Default Tax for Non GST/VAT Registered Owners

Begin by adjusting the default tax type for non-VAT registered owners to ensure proper tax handling on income associated with your properties.

  1. Navigate to Settings > Tax Types.
  2. Select Set Default for Non GST/VAT Registered Owners.
  3. Choose the tax type that should be applied to income invoices for non GST/VAT registered owners. This rate is typically set at 0%.

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Updating Property GST/VAT Election Status

After setting up the default tax rate, the next step is to specify the GST/VAT election status of each contact:

  1. Go to the Owner Contact.
  2. Under the Tax section untick GST/VAT Registered box.
  3. Click Save to update the property information.

With the owner now designated as non GST/VAT elected, any manual invoices generated will indicate “Property is not GST/VAT elected” and apply the 0% tax rate as previously specified. It’s important to note that if a default tax type wasn’t set at the company level, the tax field on the invoice will not default to 0%, although the non GST/VAT message will still appear.


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Notes on Automatic Invoicing

Please be aware that repeating invoices, along with rent and outgoings templates, do not yet display the non GST/VAT elected message or automatically apply the company's zero tax rate. You'll need to review these invoices to ensure the correct tax rate is applied manually. 

Following these steps will help you manage your non-VAT elected properties effectively, ensuring that all associated financial transactions are processed correctly within our system.

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