Accounting › Tax
Tax Codes
What a document line carries. Zero-rated, exempt and out of scope all show 0.00 on the invoice and are three different things on the return.
Where to find it
- Module: Accounting
- Group: Close & Compliance
- Section: Tax
- Screen: Tax Codes
Address in the console: /accounting/tax-codes
List · 10 columns · 18 fields on its form · 4 of them required
What the list shows
These are the columns of the list, in the order they are drawn. Any of them can be sorted on, filtered on, hidden, or exported.
| Column | Kind | Field name |
|---|---|---|
| Code | Code | code |
| Name | Text | name |
| Type | Status | tax_type |
| Direction | Status | direction |
| Treatment | Status | treatment |
| Rate % | Number | current_rate_pct |
| Next change | Date | next_rate_change |
| Reverse charge | Yes or no | is_reverse_charge |
| Jurisdiction | Code | jurisdiction_code |
| Used | Number | usage_count |
The form
What is asked for when a record is created here. Required fields are marked; a choice drawn from a configuration list is one an administrator can extend without a release.
| Field | Type | Choices | Notes |
|---|---|---|---|
| Code required | Text | ||
| Name required | Text | ||
| Jurisdiction | Choice | Looked up from existing records | |
| Type required | Choice | Configuration list | |
| Direction required | Choice | input, output, both, none | An input code recovers tax and an output code owes it. Posting one as the other misstates the liability. |
| Treatment | Choice | Configuration list | |
| Reverse charge | Yes or no | The BUYER accounts for it: the invoice carries none and the buyer posts both sides. | |
| Recoverable | Yes or no | ||
| Recoverable % | Number | ||
| Input tax account | Choice | Looked up from existing records | |
| Output tax account | Choice | Looked up from existing records | |
| Irrecoverable tax account | Choice | Looked up from existing records | |
| Reporting group | Text | ||
| Default | Yes or no | ||
| Valid from | Date | ||
| Valid to | Date | ||
| Active | Yes or no | ||
| Description | Long text |
The rules that apply here
Everything on this screen obeys the platform rules rather than rules of its own. The ones worth knowing before you use it:
- Narrowing a list — search, conditions, sort, totals, export and saved views.
- What may be changed — the five grounds a record may not be edited on.
- Companies and business units — what the switcher above this list is doing to it.
- Creating a record — required fields, where choices come from, and how the number is allocated.
- Importing a spreadsheet — this screen accepts one, and it runs through the same rules as typing.