Hello FI Friends,
We have a requirement to create an input/purchases tax code in FTXP for value 20% but where only 50% of this is recoverable.
One possibility to do this would be to setup a 20% tax code with 10% as input tax account key VST (which is setup to post to a GL account) and the other 10% as input tax with account key NVV (which is not setup to post to any GL account).
However, can you advise please is it possible to setup the tax code in FTXP so that the taxable base amount is calculated as 50% of the initial base amount and then the 20% is applied to this 50% base amount?
Thank you.
Regards
Michael