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Perhaps your should use a value list from a table that stores your VAT rate along with the descritpion. Use the also dispaly values from second field option to show your description.
A calculated Number Field based on the VAT field for calculating the percentage to multiply?
If you wish, another Text Calculated field to display 15%, etc??
If Standard is always 15%, etc???
Thanks for the tips. I'm using a claculating field and that's working well.