VAT addbacks

SUGGESTED

When doing VAT manually I always addback 33.33% on fuel and L&H.

How / where do I set this up in Accounts Production ?

Or will I have to journal the addback amount at the end of each period ?

Thank you.

Parents
  • 0
    SUGGESTED

    Hi,

    Thanks for using Community Hub.

    You can set up a specific VAT rate in SAP if you're in the dataset in question, go to tools at the top then settings at the bottom - dataset settings, go to the VAT Rates tab and enter the required rate in "D" for example and enter something in the description. You can then use the letter D in your postings to automatically calculate VAT rate that you've entered.

    Hope this helps,

    Thanks

Reply
  • 0
    SUGGESTED

    Hi,

    Thanks for using Community Hub.

    You can set up a specific VAT rate in SAP if you're in the dataset in question, go to tools at the top then settings at the bottom - dataset settings, go to the VAT Rates tab and enter the required rate in "D" for example and enter something in the description. You can then use the letter D in your postings to automatically calculate VAT rate that you've entered.

    Hope this helps,

    Thanks

Children
No Data