VAT Calculation Type Field, Purchase Line Table

Specifies which VAT calculation type will be used when this purchase line is posted.

The program fills in the field automatically by using the VAT Bus. Posting Group and VAT Prod. Posting Group fields.

The VAT calculation type determines how the VAT will be calculated when this line is posted. There are four different types:

Normal VAT	With this option, the program calculates VAT for the amount on this line and creates a VAT ledger entry including the amount.
Reverse Charge VAT	This option is used when the line involves a purchase from another EU country/region, where the seller does not collect VAT, therefore the purchaser must compute and settle accounts with the tax authorities. This option has no effect on your company's financial statements. When you purchase goods, the program will calculate the VAT amount and debit the purchase VAT account and credit the reverse charge VAT account.
Full VAT	This option is used when the amount you are posting on this line consists entirely of VAT. This option can be useful if, for example, you make a corrective entry in order to correct a VAT calculation error.
Sales Tax	This option is used if the program must calculate US sales tax instead of VAT.

Tip

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Parent Tables

Table	Location
Attached to Line No. Field, Purchase Line Table	Purchases and Payables
Purchase Line Table	Purchases and Payables
Purchase Line Table	Purchases and Payables