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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
    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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    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:

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    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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    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. 

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    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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