VAT Rule Maintenance

Menu Path: System Administration $Images\bluerarw.gif$ VAT $Images\bluerarw.gif$ Setup $Images\bluerarw.gif$ VAT Rule Maintenance

Purpose

Set up and maintain value-added tax (VAT) rules.
Display VAT rules.

Overview

Use VAT Rule Maintenance to create, update, delete, and view VAT rules that handle exceptions and special situations for output VAT calculations. Each VAT rule is associated with a unique combination of VAT ID, VAT class code, and VAT group code. When output VAT is calculated for this combination, the VAT rate set up for the VAT rule is used instead of the rate set up for the VAT class.

Creating VAT Rules

To create a VAT rule:

Click the New button in the ribbon.
Enter a date range for the VAT rule (if necessary) in the From and To fields.
Enter your company's VAT ID for the VAT rule in the VAT ID field.
Enter a VAT class code for the VAT rule in the VAT Class Code field. The VAT rate for the VAT class appears in the Rate field.
Enter a VAT group code for the VAT rule in the VAT Group Code field.
If VAT will not be assessed for the VAT rule, clear the VAT Taxable check box, and enter a VAT exempt reason code in the VAT Exempt Reason Code field.
Select the Override Rate check box and enter a VAT rate for the rule. If the VAT rate for the rule is zero, select the Zero Rated check box.
Click the OK button in the ribbon. The VAT rule is created.

Ribbon Home Tab Buttons

Button	Description
Exit	Click this button to close the VAT Rule Maintenance window.
New	Click this button to create a new VAT rule. This button is only available if the Main tab is displayed.
Update	Click this button to update the selected VAT rule. This button is only available if the Main tab is displayed.
Delete	Click this button to delete the selected VAT rule. This button is only available if the Main tab is displayed.
OK	Click this button to accept an action. This button is only available after you click the New, Update, or Delete button in the ribbon.
Cancel	Click this button to cancel an action. This button is only available after you click the New, Update, or Delete button in the ribbon.
Show Data	Click this button to display existing VAT rules. This button is only available if you click the Inquiry tab.
First	Click this button to display the first VAT rule.
Prev	Click this button to display the previous VAT rule.
Next	Click this button to display the next VAT rule.
Last	Click this button to display the last VAT rule.

Main Tab Fields and Buttons

Field or Button	Description
From	Enter the first order date in a range of order dates for the VAT rule, or click the drop-down arrow to select a date. The date range cannot overlap an existing date range of a VAT rule for a VAT ID, VAT class, and VAT group.
To	Enter the last order date in a range of order dates for the VAT rule, or click the drop-down arrow to select a date. The date range cannot overlap an existing date range of a VAT rule for a VAT ID, VAT class, and VAT group.
VAT ID	Enter a VAT ID for the VAT rule, or click the Lookup button to select a VAT ID. For information on setting up VAT IDs, see VAT ID Maintenance.
Country (VAT ID)	This field displays the country for the entered VAT ID.
VAT Class Code	Enter a VAT class code for the VAT rule, or click the Lookup button to select a VAT class code. For information on setting up VAT class codes, see VAT Class Maintenance.
Country (VAT Class)	This field displays the country for the entered VAT class code.
Rate	This field displays the VAT rate for the entered VAT class.
VAT Group Code	Enter a VAT group code for the VAT rule, or click the Lookup button to select a VAT group code. For information on setting up VAT group codes, see VAT Group Maintenance.
Name	This field displays the name for the entered VAT group code.
VAT Taxable	Select this check box if VAT is assessed for the VAT rule. This check box is selected by default, and is only enabled if the VAT Exempt check box is cleared.
Zero Rated	Select this check box if the VAT rate for the VAT rule is zero. This check box is cleared by default, and only enabled if the VAT Taxable check box is selected.
Override Rate	Select this check box to enter a rate for the VAT rule that overrides the default rate for the entered VAT class. If you select this check box, enter the override rate in the field to the right of it. This check box is cleared by default, and only enabled if the VAT Taxable check box is selected.
VAT Exempt	Select this check box if VAT is not assessed for the VAT rule. This check box is cleared by default, and only enabled if the VAT Taxable check box is cleared.
VAT Exempt Reason Code	Enter a VAT exempt reason code for the VAT rule to indicate why it is VAT exempt, or click the Lookup button to select a VAT exempt reason code. This field is only enabled if the VAT Exempt check box is selected. For information on setting up VAT exempt reason codes, see VAT Exempt Reason Maintenance.

Inquiry Tab Fields and Buttons

Note This tab is disabled if you are creating, editing, or deleting a VAT rule.

Field or Button	Description
VAT Rules	This grid displays VAT rule information after you click the Show Data button in the ribbon. Double-click a VAT rule to select it, and display information for it on the Main tab.