Within Capture Expense, you can create the relevant VAT records and map VAT codes from your existing accounting system.
Within VAT Records, you can perform the following:
- Edit a default VAT record that is based in the country you are in, or add a new VAT record.
- Export VAT record data for reporting purposes or import VAT information by bulk, depending on your needs.
- Delete a VAT record.
Add VAT Record view
| Name | Description |
|---|---|
|
Active
|
Default setting: This selected option ensures the record is active within the system.
|
|
No Receipt Default
|
Select this option to use as the default if no receipt is attached to the claim. e.g. Zero Rated VAT
|
|
Code
|
Enter the unique code, which identifies how much VAT should be paid on the purchase of services and goods from your business.
|
|
Name
|
Enter the Name of the code.
|
|
Rate %
|
Assign a percentage rate to the code.
|
|
EC Type
|
Select the type of goods or services to which the code applies.
|
Templates
Exported VAT Template (example including data)
Exported VAT Template (no data)
What's Next?
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