The data regarding the V.A.T. percentages that you will be charging are given in the ‘V.A.T. Data’ screen.
The following fields needs to be filled in:
- ‘Calculate V.A.T. in prices and invoices?’:
Answer ‘Yes’ when you wish to include V.A.T. in the invoice prices and ‘No’ when no V.A.T. is to be invoiced.
- V.A.T. Identification number’:
Enter your V.A.T. number.
- ‘V.A.T. Low percentage’:
Enter the low V.A.T. percentage.
- ‘V.A.T. High percentage’:
Enter the high V.A.T. percentage.
The V.A.T. percentages are used during the definition of events. You can define which V.A.T. percentage applies to the event for each event individually.
Click here for more information about Cancellation.