VAT % Field, Purchase Line Table
Specifies the VAT percentage that should be used.
The program automatically retrieves the VAT % from the General Posting Setup table when you fill in the Gen. Bus. Posting Group Code and Gen. Prod. Posting Group Code fields.
If the VAT Calculation Type field contains the Reverse Charge VAT option, the VAT % field is not filled in. In this case, the line refers to business between your country/region and another EU-country/region, and VAT will not be calculated on the invoice. However, when you post the invoice, the VAT amount is calculated and added to the domestic sales VAT and to the domestic purchase VAT. Thus, the calculated VAT does not affect the VAT payable.
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 |