WorkBook

VAT Settings

Use VAT Settings in the Finance submodule in the Settings module to configure VAT settings such as VAT activity codes and debtor and creditor VAT codes. You can add, delete, and edit VAT activity codes, AR/AP VAT codes, VAT code combinations, and VAT return codes.

To use VAT Settings in the Finance submodule, you must have access to Settings as defined in User Access Rights under Settings.

You use VAT settings in several area in WorkBook such as Jobs > Price and in Finance & Administration > Debtors > Debtor List > Properties > Bank Settings.

VAT Settings provides the following tabs:

  • VAT Activity Codes: Enables you to add, delete, and edit VAT activity codes. You can also enable manual correction for specific VAT activity codes.
  • AR/AP VAT Codes: Enables you to add, delete, and edit debtor and creditor VAT codes. You can also enable manual correction for specific debtor or creditor VAT codes.
  • VAT Code Combinations: Enables you to add, delete, and edit VAT code combination rates.
  • VAT Return Codes: Enables you to add, delete, and edit VAT return codes.