Understanding VAT Calculations

VAT calculations on expense reports occur when you:

• Click the Calculator button (frequent user) or Calculate VAT button (occasional user).

• Access the VAT Information for Expense [type] page.

• Access the VAT Accounting Detail page.

• Click the Save for Later button.

  VAT is calculated for each expense line where VAT was not previously calculated.

• Click the Submit for Approval button.

  VAT is calculated for each expense line where VAT was not previously calculated.

You can manually enter a VAT amount in the Override VAT Amount field if the VAT amount shown in your receipt does not match the VAT amount calculated by PeopleSoft Expenses.

Managers and auditors can access the Expense Report - VAT Information (TE_SHEET_VAT_SUM) page to review a summary of VAT calculations. This page is not available when you create or edit an expense report and have not submitted it for approval.