Basic Information Tab

Use the Basic Information tab to enter information about the tax schedules such as code, description, type, tier, labels, and defaults.

Screen Fields

Field	Description
Code	Enter a 10-character, uppercase, alphanumeric tax schedule. Each code must be unique.
Description	Enter up to 30 characters for a tax schedule description.
Type	Use the Type drop-down list to select the type of tax schedule. The valid options are: Sales – A tax imposed on the sale of a wide range of goods and services. Although this tax is collected from sellers at the retail level, consumers bear the cost. A sales tax is applied when the buyer and the seller reside in the same state within the United States. Use - A use tax is similar to a sales tax because it is imposed on the sale of a wide range of goods and services. It is collected from sellers at the retail level and consumers bear the cost of the use tax. A use tax must be paid on all purchases if the proper amount of sales tax has not been paid. Typically, a use tax is applied when the buyer resides in a state that is different from the seller within the United States. Value Added - VAT is a form of indirect tax applied to the value added at each stage of production (primary, manufacturing, wholesale, and retail). This tax is much like the sales tax paid in the United States. The main principle of VAT is that governments do not charge the tax on exports of goods to other countries. Originally introduced in France (1954), it is now a major part of the tax structure of most Western European nations. The default value for the drop-down list is Select. If you do not select a value in the Type drop-down list before you click Save, the system displays an error message.
Location Required	Select the Location Required check box if you require the user to enter a tax location on the Expense Report screens. The valid values that displays on the Expense Report Tax screens for location are based on what is entered on the Rates tab of this screen. If the check box is clear, the Tax Location field does not display on the Expense Report screens. By default, this check box is clear for new tax schedules.
Tier	Use the Tier drop-down list to select whether this tax schedule is a One or Two-tier schedule. When you use a one-tier tax, the system multiplies the expense amount by one percentage amount to get the tax amount. When you use a two-tier tax, the system multiplies the tax amount by a percentage. Then it multiplies that percentage by a second percentage and adds the two percentages together to get the tax amount. The default value is One. Note: If you set up the tax schedule as a One Tier schedule, the Rate 2 fields (Rate 2% and Recovery Rate 2 %) are disabled.
Tax ID Required	Select the Tax ID Required check box if you require the user to enter a tax ID on the Expense Report screens. If the check box is clear, the Tax ID Required field does not display on the Expense Report screens. The default value on a new tax schedule is checked.

Defaults

Use this section to provide default values that will display when you add a new rate on the Tax Schedule Rates subtask.

Field	Description
Tolerance %	Enter the tolerance % that will display as the default when you add a new tax rate on the Tax Schedule Rates subtask.
Rate 1 %	Enter the rate 1 % that will display as the default when you add a new tax rate on the Tax Schedule Rates subtask.
Recovery % Rate 1	Enter the recovery % for rate 1 that will display as the default when you add a new tax rate on the Tax Schedule Rates subtask.
Rate 2 %	Enter the rate 2 % that will display as the default when you add a new tax rate on the Tax Schedule Rates subtask. Note: This field will be available only if the tax schedule is set up as a Two-tier schedule.
Recovery % Rate 2	Enter the recovery % for rate 2 that will display as the default when adding a new tax rate on the Tax Schedule Rates subtask. Note: This field will be available only if the tax schedule is set up as a Two-tier schedule.