Unapplied Cash Tax Code (74R/UT)
Generally, you must calculate VAT for unapplied cash. Set up codes in this UDC table to apply VAT to unapplied cash.
Enter the class of the unapplied cash in the Codes field. Enter the tax area and the tax explanation code for the unapplied documents in the Description 02 field. The system uses the value in the Description 02 field to calculate the tax on the unapplied cash.
For example, you might set up the these unapplied cash classes for Russia:
Codes |
Description 01 |
Description 02 |
---|---|---|
UC |
Standard unapplied cash - 18 percent VAT should be calculated |
V VAT18 |
UC1 |
VAT not assigned |
E VAT0E |