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We have some vendors who are not VAT registered - so should not have VAT on purchases to them, but the same products / GL accounts need to charge VAT to other vendors. Our 'VAT Business Posting Group' codes are Domestic, EU, and Rest of World; so we have put these vendors as Domestic.
How is best to handle this? Or should we have another VAT Business Posting Group of 'non VAT registered'?
Please advise - thanks!
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You can create a new VAT business posting group or use the existing one, just make sure the combination of your VAT business posting group and VAT product group is setup in Tax Posting Setup with 0 VAT/Tax %.
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