VAT Info Subtask

Use this subtask of the Manage Vendors screen to assign the default tax ID number for vendors whose transactions may be subject to Value Added Tax (VAT).

When an Accounts Payable voucher includes a VAT amount, the tax ID number you provide on this subtask is used to track that tax. Because Costpoint does not recognize both sales tax and VAT amounts for one vendor, you must create a different vendor for each taxable location.

Note: This subtask is not available if you selected the Payroll Vendor check box on the main screen.

Contents

Field	Description
Tax ID	Enter the tax ID number for this vendor. Each vendor has only one tax ID. Costpoint allows multiple lines on this subtask so that you can keep records of other branches and their IDs. For example, if your company is Acme Ltd. in the United Kingdom, you can also keep track of the tax ID and location for Acme S.A. in France.
Tax Location	Enter the tax location (city, state/province, county, or country) that recognizes the tax ID for this vendor.
Default	Select this check box to indicate that the tax ID is the default for this vendor. Each vendor can have only one default tax ID.