Modules » Accounts » Tax

UK VAT and Intrastat reporting is available through the tax module. The system uses a combination of user configurable tax rates and statuses to arrive at the correct tax to be paid or recovered.

  • Tax rates which are applied to items or services bought and sold and
  • Tax statuses are applied to trading partners to determine if the tax on an item applies in that context of the trading relationship.

Although UK VAT has modelled extensively tax treatment for other countries should be possible.