Specifies the VAT percentage that should be used.

The program automatically retrieves the VAT % from the General Posting Setup table when you fill in the Gen. Bus. Posting Group and Gen. Prod. Posting Group fields.

If the VAT Calculation Type field contains the Reverse Charge VAT option, the VAT % field will not be filled in. In this case, the line refers to business between your country/region and another EU-country/region, and VAT will not be calculated on the invoice. However, when you post the sales invoice the program creates a VAT entry with information about, reverse charge VAT and the VAT base (the amount used to calculate the VAT amount).

Tip

See Also