Specifies the VAT percentage that will be used on the journal line if the VAT Calculation Type field contains the Normal VAT option.

The program automatically retrieves the VAT percentage from the VAT Posting Setup table when the VAT Bus. Posting Group and VAT Prod. Posting Group fields are filled in.

Important
The VAT Bus. Posting Group and the VAT Prod. Posting Group fields can be filled in on either the recurring journal line or on the allocation journal line, but not on both. That is, they can be filled in on the allocation journal only if the corresponding fields in the recurring journal are not filled in.

Tip

See Also