No posting rules exist for account key &1

What causes this issue?

No posting rules have been defined for the account key in the tax table
in table T007B.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Change the tax table, enter an account key already defined for the
transaction in question or define the posting rules for a new account
key in table T007B.

Error message extract from SAP system. Copyright SAP SE.