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Reply from Roy B on Aug 6 at 12:32 PM Hi RTUCCELL,
I have many times worked in Italy on all accounting aspects including VAT and have never seen this there. If the purchaser got it wrong that is no excuse for the vendor getting it wrong and if VAT is incorrectly accounted for the Italian authorities will take the company apart so you have to be careful to get it right first time. Two VAT codes for one line will lead to incorrect reporting of the tax base among other things. If I received an invoice with this sort of rubbish on it I would send it straight back to the vendor and tell him to send a corrected invoice or risk not getting paid.
Regards,
Roy
| | | ---------------Original Message---------------
From: ROCCO TUCCELLA
Sent: Monday, August 06, 2012 11:35 AM
Subject: Invoice With 2 Different Tax Percentages On a 1-line Purchase Order
Hello
I obviously don't enter into fiscal aspects, that have to be discussed with the business.
The alternative is to reverse GR and to change PO creating two line items to be managed with specific VAT codes.
it is possible to use a workaround in G/L tab, I try to explain:
PO Line item amount = 100
Amount subject to VAT code V1 = 80
Amount subject to VAT code V2 = 20.
1) In MIRO transaction you select unique line item (100) and assign it vat code V1
2) In G/L tab you inserttwo lines as following:
- Account = GR G/L account, Posting key = 50, amount 20, Vat code = V1
- Account = GR G/L account, Posting key = 40, amount 20, Vat code = V2
In short terms in 1st line you reduce the amount assigned to P1, while in 2nd line you assign
the amount to V2.
@Roy: in Italy we sometime have this kind of requirements, they depend mainly from the fact that the purchaser didn't worked in right way or he dind't have all the information at PO creation.
Hoping this information will help you, if useful please mark as helpful
Regards
Rocco |
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