VAT settings (ROI)

If your company is VAT registered, you should receive a VAT registration code from your tax authority. This must be displayed on your financial documents such as invoices and credit notes.

If you are having difficulty entering the number, check it is in the right format.

By default, T9 is the non-vatable tax code. To change this, from the drop-down list choose the required tax code.

You should use this tax code on transactions, that don't include VAT and are not included on the VAT Return.

To change the VAT amount that calculates automatically when you create invoices or credit notes, select this check box.

Your software supports the following VAT schemes:

• Standard VAT - where you account for VAT at the point of sale regardless of whether or not payment has been made.
• VAT Cash Accounting - where you account for VAT when you receive money from your customers. For purchases you account for VAT when you receive an invoice from your suppliers.

You can change the VAT scheme your software is using, but before doing so you should read Switching VAT schemes

Your VIES Return must include your customer's country code and VAT registration number.

Select this check box if you want your software to validate EU VAT numbers for all EU member countries.