Microsoft Dynamics NAV (Archived)

posting different VAT% on same item

(0) Share

Report

Posted on by Community Member Microsoft Employee

Hi all

Here is the scenario. I have a boat which I have bought used for lets say 100.000

Then the boat has to be fixed for 6000 so the bought has cost me 100.000+(6000*1,25) = 107500 inkl VAT

When I resell the boat for 120.000 I only have to pay VAT of the last 20.000 which will be 125.000 inkl VAT

When making a sales order an choosing my boat item in sales line, how do I make sure that the 25% VAT is not based on 120.000 (Which is) instead of the 20.000?

thanks in advance

*This post is locked for comments

All responses (5)

Answers (2)

Community Member Microsoft Employee on at

Like (0)

Report

RE: posting different VAT% on same item

My solution was to split the boat up into two items. one item for the boat itself and another item for the WIP of the boat and then use different VAT%.

Thanks for the help!
Verified answer

Miguel Llorca User Group Leader on at

Like (0)

Report

RE: posting different VAT% on same item

Your best choice is the use of two lines. I recommend you to avoid a customization if possible (especially if it's related with taxes).

Good luck!
Verified answer

Community Member Microsoft Employee on at

Like (0)

Report

RE: posting different VAT% on same item

Hi,

There will be 2 sales lines then for the same item, one line with sales price 100,000 is VAT free and the remaining 20,000 is at 25% VAT
Community Member Microsoft Employee on at

Like (0)

Report

RE: posting different VAT% on same item

Not quite. The selling price will be 120.000 and I only want VAT on the 20.000. Is that possible without cusomization?
mmv 11,465 on at

Like (0)

Report

RE: posting different VAT% on same item

Hi,

If your selling price is 20.000, the VAT 25% will anyway be on 20.000. Is my understanding correct about ur question?