VATTable field types
A VATTable table field profile consists of a number of different tax rates that apply to different amounts on an invoice, depending on whether they are goods, services, etc. Each rate has a unique code and includes the following field types:
Field type | Description |
---|---|
VAT_TotalAmount | The amount to be taxed plus the tax - that is, VAT_BaseAmount + VAT_RateAmount |
VAT_Code | The unique code for a tax rate. |
VAT_BaseAmount | The amount that is taxable according to this tax code. |
VAT_RatePercent | The tax rate |
VAT_RateAmount | The tax amount. Should equal VAT_BaseAmount x VAT_RatePercent |
VAT_Currency | The currency of the tax |
Example of a tax table on an invoice (with the corresponding ReadSoft Invoices field type:
Taxable amount (VAT_BaseAmount) | Percent (VAT_RatePercent) | Tax (VAT_RateAmount) | Total (VAT_TotalAmount) |
---|---|---|---|
100 | 10 | 10 | 110 |
1000 | 20 | 200 | 1200 |
500 | 10 | 50 | 550 |