on 03-17-2017 9:07 PM
Do I need to configure a new access sequence for configuring a scenario for reverse charge for UK? Further more do I need to create a new Account key for this? Or is it a case of just creating a new tax code with both output and input tax maintained at 20% and assigned appropriate GL accounts for each of these? In this case does it not matter what tax type(input or output) I use when creating the tax code? The end goal is that the system then generates 2 lines one for credit and for debit of the same amount so the net effect to base value is 0. Could someone please guide me through this.
Hi Sam,
Yes, you have to create 2 account keys. And also you have to create 2 tax conditions with positive & negative sign. Here you have to create the account keys as input tax and maintain the accounts for the keys. Later create a input tax code and maintain the tax rate with +/- sign.
Regards,
Mukthar
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