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REVERSE VAT

  • November 9, 2020
  • 4 replies
  • 246 views

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Hello everyone ;

 

How exactely does the reverse vat work? I created a reverse vat and a general one to cancel it while billing but it doesn’t work. I’ll have the tax amount on the bills of a EU clients.

 

Help !!!

 

Thanks 

 

Best answer by nvadera7

Hi Nawres

My setup for a client in the UK: Let me know if this helps or if you have found a better setup.

T

 

4 replies

BenjaminCrisman
Acumatica Employee
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  • Acumatica Support Team
  • 794 replies
  • November 9, 2020

Hi @NAWRES ! I would double check the help articles on VAT taxes and Recognizing Pending VAT and VAT Management

This is from the Recognizing VAT 

https://help-2020r2.acumatica.com/(W(12))/Help?ScreenId=ShowWiki&pageid=b60362c9-cd17-4bfe-92d3-a61c786e7b7d

 

I would double check your VAT configuration against the help article as well and make sure that it follows the recommended setup configuration needed

https://help-2020r2.acumatica.com/(W(12))/Help?ScreenId=ShowWiki&pageid=64353310-a668-43ce-bc96-82d7a0dd4635


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  • Author
  • Jr Varsity II
  • 32 replies
  • November 9, 2020

I did  follow the VAT reverse configuration  to a T. Created the VAT  reverse; a general one


  • Jr Varsity I
  • 5 replies
  • Answer
  • December 8, 2020

Hi Nawres

My setup for a client in the UK: Let me know if this helps or if you have found a better setup.

T

 


  • Jr Varsity I
  • 5 replies
  • December 8, 2020

@NAWRES Sent you a setup reply.