Overview

This document is a quick reference for how to set up and work with VAT Partial Attribution functionality.

How to find

In the beginning, you need to create new VAT Product Posting Groups for VAT Partial Attribution purposes and create a VAT Posting Setup for them. Than Then VAT Part Attribution can be activated in Purchases & Payables Setup.

New VAT Product Posting groups

It’s necessary to create two new VAT Posting groups, e.g. see below:

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• PARTIALPRO - Partial Provision

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Purchases & Payables Setup

In Purchases the Purchase & Payables setup, a new created VAT Product Groups have to be chosen, VAT Part Attribution has to be activated and VAT Partial Attribution Rates have to be filled in, see the pictures. 

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G/L Account Card

In the G/L Account Card, it is possible to preset whether the account is subject of the VAT Partial Attribution. Mentioned preset value can be of course changed at the purchase/sales documents.

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Purchase Invoice

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How to proceed

For the using the VAT Partial Attribution, make sure that you have the column of the same name visible in Purchase Invoice lines. If you use the Full Attribution value in G/L Account Card, a default will be set the same value. So if you want to use Partial Attribution for some Purchase Invoice line, you have to switch the default value into the Partial Attribution, see picture above.

Example of posting

For the vendor Mr. Vasallo one line with the amount of €1.000 excluding VAT in the VAT Partial Attribution regime will be posted.

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You can see all the lines in the picture below. 

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Calculation of VAT Partial Attribution

In our example VAT is €180. If VAT partial attribution is 87,16 %, calculation below is valid:

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