System Variable Grouping: VAT
Use the System Variable in this grouping to control the settings related to VAT.
Using these System Variables, you can set the VAT default value, lock VAT codes in vouchers for approval, and enable VAT Return code configuration in VAT settings.
- Related Topics:
- System Variable 166: Default Rate, in Percent, for VAT/Tax
Use this System Variable to specify the default VAT or Tax percentage that will be used on Price Quotes (PQs). Take note that users can still manually change the default VAT or Tax percentage. - System Variable 657: Lock VAT Codes in Vouchers For Approval
Use this System Variable to dictate whether the VAT codes on creditor invoices can be changed while in the For Approval status. - System Variable 935: Enable VAT Return Code Configuration in VAT Settings
Use this System Variable to dictate if the system should use the VAT Return codes. This is a requirement to use HMRC.
Parent Topic: Descriptions