Tips & Tricks

Intsys provide regular Pegasus Software updates via our monthly support bulletins and Newsletters.Within our Intsys Tips & Tricks section we also publish advise and guides to help our customers deal with the most common practices

EC Reverse Charge - Sales VAT Codes (Services)

If you provide services that are subject to Reverse Charge accounting to different EC countries, you may need to create one VAT code for the countries you are registered in, and another VAT code for the countries you are not registered in. If your customers are in one country, you need to create one VAT code.

 

After the VAT codes have been created they are available in the Sales Ledger, Sales Order Processing, Invoicing and Importer modules.

 

The VAT rate for these transactions must be set to zero percent.

 

1. Open the System folder and click Maintenance - VAT Processing or click the Administration tab on the  Ribbon Bar and then click System - VAT Processing.


2. Select VAT Codes.

 

3. To create a new record, click the  icon on the toolbar or press CTRL+N.


4. In the Country Type box, select 'R' if you are registered in the EC country, or 'U' if you are not registered in the EC country.


5. In the Trans. Type box, select 'S' for Sales.

 

 


6. In the VAT Code box, [...]

 

You can find the full version of this article in our Support Portal. Click here

 

If you are not an Intsys Client you can ask for a 1 month free trial of the Support Portal and get immediate access to hundreds of help guides, training videos and frequent resolved issues. Read more

 

 

Please reload

RSS Feed
Featured Posts

Payroll End of Year 2016 video

March 2, 2016

1/2
Please reload

Recent Posts
Please reload