Table of Contents
The VAT Screen
To access the VAT screen, in the header menu go to Settings & Pref. > Financial Settings > % VAT.
When the screen loads, you'll see a toolbar and a grid with all your VAT entries, with the standard grid actions in the header toolbar and the same grid behaviour that you can see throughout Indigo Business.
VAT Form Fields
Code: mandatory. A unique identifier.
Name: mandatory.
Description: a description indicating to the user what the VAT is about.
Rate: mandatory. The percentage % to apply.
Marker and Marker Description: use these fields when you need to declare something specific in the invoice.
Type: mandatory. Input for purchases or bank payments, Output for sales.
Refundable: by default, the Refundable checkbox is greyed out for Output VAT, and ticked for Input VAT.
Allow Direct VAT Posting: to make that code available when posting transactions directly in the VAT Control Account (e.g. VAT Journals).
Amount Box Number: the VAT return's value box number associated with the VAT rate.
VAT Box Number: the VAT return's tax box number associated with the VAT rate.
Activity Type: choose from None, Nominal Trade, Triangular, and Reverse Charge.
Trade Type: a dropdown specifying if the VAT refers to Goods, Services, or None. E.g. Choose the Reverse Charge value to tell the system the VAT is referring to the Reverse Charge section within the VAT report.
On Hold: when ticked, this shows the VAT code is on hold.
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