QB Issue Resolution:

At this time, there isn’t a way to delete an incorrect tax rate. However, you can make it inactive so it won’t show on the invoices or bills. Let me guide you through the steps.

  1. Go to Taxes from the left menu.
  2. Click the Edit VAT drop-down.
  3. Select Edit rates.
  4. Find the incorrect rate, then click Edit from the Action column.
  5. Choose Make inactive.
  6. Click Save.

Please see the screenshots below for your visual reference.

Here’s a list of scenarios that will help you determine where you need to update your rate in the future: Manage A Tax Rate Change.

Also, in case you want to file and pay your taxes, just go back to the Taxes menu anytime. For detailed steps, you can go through this article: File and Pay the Tax/GST.

Resolution for Issue 'Is it possible to delete the Tax which is setup? Please advise. I don’t want the tax rate to show in invoice/bills. I have already changed the settings to out of scope.' available: Yes (Solved).
Source: Intuit Community forum.

Is it possible to delete the Tax which is setup? Please advise. I don’t want the tax rate to show in invoice/bills. I have already changed the settings to out of scope.: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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