Hi there,

Below are the tax codes which I get by default after setting up a new company. What I don't understand is - what would we want different tax codes when all the percentages are the same? For example, why don't I just have a tax code called "Standard VAT 15%" and that is it. What use is it for my accountant come end of financial year to have a tax report broken down by code?

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Ever learning, .. thank you.
Michelle.