MAC-PAC Homecontact ussupport login 
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.