VAT Codes

The VAT Codes page allows users to setup different VAT codes and rates which will apply to subcontract or main contract progress claims on the system. Create VAT codes which align to the vat code stored in your accounting system. VAT codes can then be assigned to projects or subcontracts.

This page shows all existing VAT codes. You can view the VAT codes, add a new VAT code, filter, sort, and reset filters.

Enterprise Administrators can use the following project settings to manage VAT codes:

Allow VAT Codes to be Entered project setting

Use to manage VAT rates for payments to Subcontractors. Some localities dictate that Main Contractors pay VAT on some payment application items. When this setting is selected, you can choose two additional settings: Require VAT Codes and Lock Imported VAT Codes.

Require VAT Codes project setting

This setting is displayed only if Allow VAT Codes to be Entered is selected. When this setting is selected, the VAT code field becomesVAT a mandatory field on the Contract Maintenance page.

Lock Imported VAT Codes

This setting is displayed only if Allow VAT Codes to be Entered is selected. When this setting is selected, the VAT code field on the Contract Maintenance page is displayed but is not a required field For imported contracts, the VAT codes field is disabled, only service users can edit this field.

Note: Only Enterprise Administrators can add VAT rates/codes.