Transfer A/R VAT Tax Code

Enter the tax code to use as the default for transferred A/R VAT payments.

The description displays when the tax code is selected.

This tax code is used when the customer payment is reconciled and the VAT amount is then transferred to the VAT A/R Received Account. The VAT is then paid to the taxing authority from this account.

This field is enabled when the Transfer VAT check box is selected on the Tax Codes form and the Tax Mode is set to Item on the Tax Systems form. The tax code type must be Rate.