VAT Invoice Settings

Allow subcontractor to edit VAT Invoice effective date

Selected by default, this setting allows Subcontractors to edit the VAT Invoice effective date prior to signing.

Subcontractors may add VAT Invoice optional text

Selected by default, this setting allows Subcontractors to add VAT Invoice optional text prior to signing.

Allow subcontractor to add contractor affidavit text

Selected by default, this setting allows Subcontractors to add Contractor Affidavit optional text prior to signing.

Note: Any VAT Invoices that are altered will display as Modified on the Manage VAT Invoices page.

Owner Approval Disables the MC ability to Reject tick box

Choose this setting to prevent the Main Contractor from rejecting a period that the Owner has approved. This setting is often used with Linked Projects.

Caution: Do not use this setting if the Owner is not on-system. Contact your Textura implementation team if you think you need to use this setting.Enable collection of zero value VAT Invoices tick box

Choose this setting if the system should automatically collect Zero Value VAT Invoices from all Subcontractor and Sub-Tier participants until the final VAT Invoice is signed. Contact your Textura implementation team if you think you need to use this setting.

Require Contracts and Variations be Imported

This setting is displayed only if the organisation setting has been enabled by your Textura Administrator. When this setting is enabled, no manual creation of contracts and variations are permitted. The default setting is enabled.

Subcontractor VAT Invoice Signature Timing

Determine when Subcontractor signatures are requested for VAT Invoices.

With payment application: VAT Invoice signatures are requested during the invoicing process.
When Requested: VAT Invoice signatures are requested prior to disbursement.

Subcontractor VAT Invoice Release Timing

The Subcontractor VAT Invoice Release Timing identifies when Subcontractor VAT Invoices are released to the Main Contractor.

Caution: This field can only be edited by a Textura Administrator under stringent conditions. Contact your Textura implementation team if you think you need to change this setting.

With Disbursement: This setting releases the VAT Invoice after the standard holding time.
When Signed: This setting releases the VAT Invoice with signatures as soon as it is signed by the Subcontractor.

MC VAT Invoice Release Timing identifies when Main Contractor VAT Invoices are released to an on-system Owner.

With Disbursement: This setting releases the VAT Invoice after the standard holding time. This is the default option.
When Signed: This setting releases the project VAT Invoice with signatures as soon as it is signed by the Main Contractor.

MC Self-performed Work VAT Invoice

This setting identifies how many VAT Invoices are created for self-performed work.

None: Selected by default, this setting creates one Main Contractor project VAT Invoice.
Multiple: Choose this setting to create VAT Invoices for each self-performed line item.
One: Choose this setting to create a VAT Invoice with a total of all self-performed line items in addition to the Main Contractor project VAT Invoice.

Enabled subcontractors to upload

This setting allows Subcontractors and their Sub-Tiers to upload VAT Invoice documents for Manual or VAT Invoice Only Sub-Tier organisations. When enabled, Subcontractors and their Sub-Tiers see Upload actions on the Manage VAT Invoices page.This tick box is selected by default.

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