VAT settings

This is a central procedure used to determine how VAT should be managed in the system. In this procedure you can:

• Register VAT groups – these are used on customers, suppliers, and invoices to determine which VAT code should be suggested on order rows and invoice rows.
• Register VAT codes – these are used on orders, invoices, and posting rows to determined which VAT rate, VAT posting, etc. should apply to the row.
• Register exceptions – for VAT codes per product group.

Different VAT groups and VAT codes are included in the system depending on in which country the system is installed.

The VAT reporting work differently depending on how the system setting Basis for the VAT report's sales/purchase is loaded from is set. The images below describes the difference: