The VAT Code Information 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.
This view of the VAT Code Information window allows you to set up codes for purchases that conform to Customs & Excise rules governing intra-EC supplies. The VAT Rate is set to 0%, as you are not charged VAT on the purchase. However, the amount of VAT you WOULD HAVE PAID had you purchased in the UK, will appear on your VAT reports.
After you set up VAT codes in this window, you'll be able to select them from search lists in transaction entry windows throughout MYOB Accounting Plus.