VAT Rates
Pipeline supports common UK VAT rates:
- 20% - Standard rate
- 5% - Reduced rate
- 0% - Zero rate or VAT exempt
Default VAT Rate
Your company's default VAT rate can be configured in Company Settings under VAT Settings.
Per-Item VAT
Each line item on a quote can have its own VAT rate. This allows you to mix standard-rated and zero-rated items on the same quote.
How Totals Are Calculated
For each line item:
- Line Total = Quantity x Unit Price
- VAT Amount = Line Total x VAT Rate / 100
For the quote:
- Subtotal = Sum of all line totals
- VAT Total = Sum of all VAT amounts
- Grand Total = Subtotal + VAT Total
Entering Prices
All prices are entered in pounds. Pipeline stores values internally in pence for accuracy but displays them in pounds.