Fields in this window
VAT Code List window

Window Overview | To use this window | Fields in this window | To find this window


Code column

This column displays the codes associated with all of the VAT codes you've created using the VAT Code Information window. Click the zoom arrow next to the code to open the VAT Code Information window that corresponds to the VAT code Type. These VAT codes appear in the Sales and Purchases windows.

Description column

This column displays a description for each of the VAT codes you've created.

Type

Select the VAT type that applies to the VAT code you're creating. In Accounting Plus, there are three VAT types:

VAT - This VAT type is associated with the standard rate set by the Government, which is currently 17.5%. However, some goods and services attract different VAT rates. For example, most foodstuffs are charged at 0%.

VAT - EC Purchases - This VAT type is associated with the VAT used when making a purchase that conforms 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.

VAT - EC Sales - This VAT type is associated with the VAT used when making a sale that conforms to Customs & Excise rules governing intra-EC sales. No VAT amount will be tracked on the sale. The VAT Rate and EC Reported Rate are set to 0%, as you are not collecting VAT on the sale.

Rate column

This column shows the tax rate for each VAT code you've created. This is the percentage of VAT that will be charged on any line items the VAT codes are assigned to throughout MYOB Accounting Plus.

Print button

Click this button to print the VAT Code List report.

New button

Click this button to create a new VAT code using the VAT Code Information window.

Edit button

To make changes to an existing VAT code, highlight it and then click this button. The VAT Code Information window will open and you'll be able to make your changes.

Close button

Click this button to leave this window.