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Thread: Setting up VAT codes and Tax Boxes in Pastel

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    Setting up VAT codes and Tax Boxes in Pastel

    Hi All,
    I have only worked on pastel for a school, so no VAT, recently I have started doing books for a coffee shop, some of the suppliers are zero rated, how would I set these up in Pastel, when I run the Tax manager report it gives an error message saying that box 22? is Tax in wrong box, must I rename box 22 ? I am very confused.... if anyone has any advise it would be appreciated.
    Thank you

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    Diamond Member Mike C's Avatar
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    Hi thorpie. Not sure whether this will help but here is our Box setup:
    1. Output
    2. Zero Rated
    3. Exempt & non-suppl
    4. Output Capital
    12. Other Output Tax
    13. Total Output (Radio button on "Combine other boxes") Formula = 1+2+4+12
    14. Capital Goods
    15. Input Tax
    17. Bad Debts
    18 Other Output
    19. Total Input Tax (Radio button on "combine other boxes") Formula = 14+15+17+18
    20. VAT (Pay)/Refundable (Radio Button on "combine other boxes") Formula = 13+19
    25. Miscellaneous
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    Quote Originally Posted by Mike C View Post
    Hi thorpie. Not sure whether this will help but here is our Box setup:
    1. Output
    2. Zero Rated
    3. Exempt & non-suppl
    4. Output Capital
    12. Other Output Tax
    13. Total Output (Radio button on "Combine other boxes") Formula = 1+2+4+12
    14. Capital Goods
    15. Input Tax
    17. Bad Debts
    18 Other Output
    19. Total Input Tax (Radio button on "combine other boxes") Formula = 14+15+17+18
    20. VAT (Pay)/Refundable (Radio Button on "combine other boxes") Formula = 13+19
    25. Miscellaneous
    thank you, this does help, are you able to also maybe send me a screen shot of the box layout specifically the purchases DB and Cr ?? if you wouldn't mind.

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    Diamond Member Mike C's Avatar
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    Hi thorpie.

    Here are the Percentages:

    Click image for larger version. 

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ID:	7340
    Don't take the good times for granted!

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    Diamond Member Mike C's Avatar
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    And here are the box layouts:
    Attached Thumbnails Attached Thumbnails Click image for larger version. 

Name:	box1.JPG 
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Name:	box2.JPG 
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Size:	45.1 KB 
ID:	7342   Click image for larger version. 

Name:	box3.JPG 
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Size:	47.3 KB 
ID:	7343  

    Click image for larger version. 

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ID:	7344   Click image for larger version. 

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Size:	24.5 KB 
ID:	7345   Click image for larger version. 

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ID:	7346  

    Don't take the good times for granted!

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