Documentation >
MAC-PAC Reference and Help >
Reference File Categories >
VAT-TYPE CODES
Function Select
RF024S01 - Function Select
WILLIAMS COMMON FEATURES 8/01/94
DSP01 REFERENCE FILE CATEGORY 024 FUNCTION SELECT
Category Name VAT-TYPE CODES
BLANK KEY
Category Key
Request Code 4
1 - Add
2 - Change
3 - Delete
4 - Inquire
F2=Command F3=Exit F7=End Category F8=Display List
F9=Inquiry
The VAT Type Codes category allows you to specify the what codes you will use to classify VAT codes when you define them on Reference File categories 308 and 230.
This category has a blank key to allow only one record. The category is required if you are operating in a VAT environment.
Detail
RF024S02 - Detail
WILLIAMS COMMON FEATURES 6/11/97
DSP01 REFERENCE FILE CATEGORY 024 INQUIRE
Category Name VAT-TYPE CODES
BLANK KEY
Category Key
EXONERATION TYPE SUSPENSION TYPE
Data E S
X X
PART. RECOVERABLE TYPE NON-RECOVERABLE TYPE
Data R N
X X
POSTPONED TYPE SURCHARGE TYPE
Data P C
X X
F2=Command F3=Exit F9=Inquiry F10=Function Select
The detail screen allows you to specify what code you will use to refer to each of the five VAT types. Each VAT code is assigned one of the five types (or to a blank VAT type) when it is defined on Reference File category 230 or 308. The VAT type assigned to each VAT code determines how items associated with that VAT code are processed.
EXONERATION TYPE
Required. A one-character code that will be used to indicate that an exemption from VAT has been granted for the VAT code.
SUSPENSION TYPE
Required. A one-character code that will be used to indicated that VAT will not be paid for the VAT code until a cumulative sales limit or date is reached.
PARTIALLY RECOVERABLE TYPE
Required. A one-character code that will be used to indicate that only part of the tax paid for the VAT code can be claimed from the taxing authority.
NON-RECOVERABLE TYPE
Required. A one-character code that will be used to indicate that amounts associated with the VAT code represent the difference between the total VAT paid and the VAT that can be recovered from the taxing authority.
POSTPONED TYPE
Required. A one-character code that will be used to indicate that VAT calculated for the code should not be paid to the vendor. Two transactions are written for the VAT: one for the VAT amount owed and an offsetting transaction for VAT to be recovered from the government. This VAT type is used by Accounts Payable when the vendor and receiving company/warehouse are located in different countries that are both members of the European Community.
SURCHARGE TYPE
Required. A one-character code that will be used to indicate that a VAT Surcharge Code is being defined. The VAT Surcharge Code can only be applied to normal VAT types and its rate will be dependent upon the VAT rate applied to the item.