Establishing Charge Code VAT Groups

To establish charge code VAT groups, use the Charge Code VAT Group (BI_VAT_GROUP) component.

To minimize data entry, you can define a charge code VAT group for multiple charge codes when those charge codes share the same VAT characteristics. After you define a charge code VAT group, you can associate it with a charge code in the VAT Group field on the Charge Codes page.

This topic discusses how to define VAT groups.

Page Name

Definition Name

Usage

VAT Group Page

BI_VAT_GROUP

Define VAT groups, and access the VAT Defaults Setup and VAT Service Treatment Setup pages to define the VAT defaults for the VAT group.

Use the VAT Group page (BI_VAT_GROUP) to define VAT groups, and access the VAT Defaults Setup and VAT Service Treatment Setup pages to define the VAT defaults for the VAT group.

Navigation:

Set Up Financials/Supply Chain > Product Related > Billing > Setup > Charge Code VAT Group > VAT Group

Field or Control

Description

VAT Default Setup

Click to access the VAT Defaults Setup page.

The VAT Defaults Setup page is a common page used to set up VAT defaulting for all PeopleSoft applications processing VAT transactions. On this page you can define VAT group defaults per VAT registration country and state, as applicable.

VAT Service Treatment Setup

Click to access the Services VAT Treatment Drivers Setup page.

Services VAT Treatment Drivers Setup is a common page used to set up VAT services treatment for all PeopleSoft applications that process VAT transactions. If you are required to implement special handling for services, you can specify VAT group service treatment defaults on this page for the location country and state of the supplier (seller), as applicable. You must define the physical nature as Service to access the Services VAT Treatment Drivers Setup page.