VAT codes

On each sale, VAT will be calculated for reporting purposes depending on which VAT code is to be used for that transaction. Typically the ‘Zero’ VAT code will be used when a student makes a purchase and the ‘Standard’ (currently 20%) will be used when a staff member makes a purchase. However, VAT rates can be set against each individual PLU. For example, when a 0% VAT code is set against a bottle of water, the system will not report any VAT for that item.

*The VAT code associated with the transaction does not alter the price that the user pays, this is controlled by the Price bands and the Price rules. The VAT code simply tells the system how much of the transaction was VAT for the purposes of reporting.

Adding a new VAT code

Just in case the Inland Revenue announce an additional tier for VAT, Fusion allows for additional VAT codes to be added.

1. Press the Settings button and select VAT codes button.
   
2. From within the VAT codes screen, click the Add button.
   
3. Enter a description and the VAT amount and press the ‘Active’ check box if you want it to be available right-away.
   
4. Press Save.
   

*Once VAT codes have been created, they cannot be deleted, however they can be edited and marked as inactive.

Editing a VAT code

Although rare, the VAT rate may change over time, so Fusion needs to be able to allow for the new rate to be used.

1. From within the VAT codes screen, select the VAT code and click the Edit button.
   
2. Enter a new description if required and change the VAT amount.
   
3. Press Save.