The VAT Code Information (New VAT Code) window allows you to set up codes for all VAT rates assigned to sales, purchases and other transactions you enter in MYOB Accounting Plus. After you set up these codes, you'll be able to select them from search lists in transaction entry windows throughout MYOB Accounting Plus.
You reach this window by clicking the New button in the VAT Code List window (or any of the VAT Code Information windows). Initially only three fields appear, but when you enter a new VAT code, the remaining fields are displayed and the VAT type will default to the VAT type that was highlighted in the VAT Code List window (or the type selected in the VAT Code Information window).
Information about the other fields in the window, which vary based on your type selection, can be seen in the descriptions of each view of the VAT Code Information windows:
VAT Type view
VAT - EC Purchases Type view
VAT - EC Sales Type view