Select the Liability type from the Account Type list. The Account Classification field changes according to the selection you make. For more information on account classifications, see ‘Account classifications and types’.
If the Tax Type is Sales Tax, select the linked account for tax collected. If the Tax Type is Import Duty, select the linked account for accrued duty. Select a card that you want to link to this tax code, if applicable.
5
Click OK when you have finished. The new tax code you created will now appear in your tax codes list.