PU 502 (Globe+): Non-deductible VAT and VAT charge calculation enhanced (United Kingdom and International legislations)
The non-deductible N line will not be created when the non-deductible VAT and VAT charge are entered. This is similar to other legislations, such as Dutch, Belgium, Luxembourg, French, and Spanish.
For example, if the VAT code is 20% excluding the non-deductible VAT of 10% and with VAT charged, you will see the following:
|
Line level
|
Tax code
|
Amount
|
Tax basis 1
|
Tax amount 1
|
|
Cost line
|
P20
|
100.00
|
90.00
|
0.00
|
|
Tax line
|
P20
|
18.00
|
90.00
|
18.00
|
|
Non-deductible line
|
N
|
2.00
|
10.00
|
2.00
|
|
Tax line
|
P20
|
-20.00
|
-100.00
|
-20.00
|
If the VAT code is 20% excluding the non-deductible VAT of 100% and with VAT charged, you will see the following:
|
Line level
|
Tax code
|
Amount
|
Tax basis 1
|
Tax amount 1
|
|
Cost line
|
P20
|
100.00
|
0.00
|
0.00
|
|
Tax line
|
P20
|
0.00
|
0.00
|
0.00
|
|
Non-deductible line
|
N
|
20.00
|
100.00
|
20.00
|
|
Tax line
|
P20
|
-20.00
|
-100.00
|
-20.00
|
| Main Category: |
Attachments & notes |
Document Type: |
Release notes detail |
| Category: |
|
Security level: |
All - 0 |
| Sub category: |
|
Document ID: |
31.315.216 |
| Assortment: |
Exact Globe+
|
Date: |
11-05-2023 |
| Release: |
|
Attachment: |
|
| Disclaimer |