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Multiple Tax code in Single row . or Tax Combination is possible in UK Localization Company

Hi

I have a requirement . we need create AP invoices each line need multiple Tax code or Combination of Taxes . actually This for implement RCM ( Reverse Charge mechanism ) in UK Localization DB . Any possiblity

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1 Answer

  • Best Answer
    Apr 26 at 08:22 AM

    If you are talking about reverse charge where you have incoming and outgoing tax on the same AP invoice, try ticking "Acquisition/Reverse" checkbox and defining acquisition tax account on tax code settings. This will enable you to post VAT amount of AP invoice to tax account (debit side) and acquisition tax account (credit side) automatically when adding the document.

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