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Set up vat on xero. How VAT works in Xero
In order to select the correct scheme, go to Settings>General Settings>Financial Settings. you can choose ‘accrual’ or ‘cash’ for either standard VAT reporting. Set up eFiling in Xero . In order to select the correct scheme, go to Settings>General Settings>Financial Settings. you can choose ‘accrual’ or ‘cash’ for either standard VAT reporting.
Set up vat on xero
​Your chart of accounts won’t have VAT applied. You’ll need to update the tax rates set for line items, on any.