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Thread: Guidance on Tax codes to use on pastel express

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    Guidance on Tax codes to use on pastel express

    Hi,

    Does anyone have some guidance on which tax codes to use in Pastel Partner for the different VAT types? ie. When importing goods, which code to use for Customs VAT (100%), which code to use for zero rated VAT purchases etc...

    Please help!

    Regards

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    Hi
    Ideally you need a tax code for each line item on your Vat 201 return. That makes completing the return simple.
    Remember that customs Vat never equals 14% exactly. That is why Pastel treats it as a 100% adjustment.

    What Vat report in Pastel do you plan to use?

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    Platinum Member Mike C's Avatar
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    Hi Tracyv33 these are the settings that we use:

    00 - To be set at time of Invoice
    01 - Normal VAT
    02 - Zero Rated (not including capital goods)
    03 - Tax Exempt
    04 - Bad Debts
    05 - Capital Goods
    06 - VAT Adjustment
    07 - Accommodation exceeding 28 days
    08 - Accommodation not exceeding 28 days.
    An education isn't how much you have committed to memory, or even how much you know. It's being able to differentiate between what you do know and what you don't. - Anatole France

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