Purchase Order Entry - VAT Processing Information
If VAT processing is enabled in the General Ledger Installation, additional fields for entering a 'VAT tax' code and 'VAT tax amount' will display in the Financials section of this screen.
Initially, the VAT code will default the company-wide 'Default tax code' from General Ledger Installation. The VAT tax amount is calculated as the purchase amount x VAT tax percent.
In addition, the 'Purchase Order total' calculation will include the VAT tax amount.