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