Results 1 to 3 of 3

Thread: Guidance on Tax codes to use on pastel express

  1. #1
    New Member
    Join Date
    Oct 2013
    Location
    Ixopo
    Posts
    1
    Thanks
    0
    Thanked 0 Times in 0 Posts

    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

  2. #2
    New Member
    Join Date
    Oct 2013
    Location
    Cape Town
    Posts
    1
    Thanks
    0
    Thanked 0 Times in 0 Posts
    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?

  3. #3
    Diamond Member Mike C's Avatar
    Join Date
    Apr 2012
    Location
    Umkomaas
    Posts
    2,850
    Thanks
    249
    Thanked 371 Times in 327 Posts
    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.
    No act of kindness, no matter how small, is ever wasted. - Aesop "The Lion and the Mouse"

Similar Threads

  1. Pastel Express
    By Gab in forum Accounting Forum
    Replies: 3
    Last Post: 04-Mar-20, 10:15 AM
  2. [Question] Changing GL Codes for Inventory in Pastel v11
    By steyn.annemarie@gmail.com in forum Accounting Forum
    Replies: 1
    Last Post: 17-Jul-13, 12:55 PM
  3. Pastel Partner to Pastel Express
    By vieome in forum Accounting Forum
    Replies: 2
    Last Post: 19-Feb-13, 12:45 PM
  4. Pastel Express Help
    By SarahL in forum Accounting Forum
    Replies: 4
    Last Post: 19-Jan-13, 03:37 PM
  5. [Question] Guidance on which tax codes to use - Pastel Partner
    By J7J in forum Accounting Forum
    Replies: 0
    Last Post: 02-Sep-11, 11:20 AM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •