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Represent Input and Output VAT in Dynamics GP?

Posted on by 1,582

Can you help me understand how to represent Input and Output VAT on a Purchase Transaction in Dynamics GP?

The scenario I understand is the case of a buyer working with a seller who is outside the tax authority's jurisdiction, so the buyer must record both the Input and Output tax. I was shown this situation in another system and in that system's equivalent of a Tax Detail Entry window there was a Tax Input ID with a positive amount and a Tax Output ID with a matching negative amount.

Tax Input ID > 37.50

Tax Output ID > (37.50)

Tax Detail Entry windows in Dynamics GP do not allow a negative tax amount. How do you represent this situation in Dynamics GP?

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  • chadbruels Profile Picture
    chadbruels 1,582 on at
    RE: Represent Input and Output VAT in Dynamics GP?

    The requirement that has been described to me is that input and output tax must be reported to a tax authority. We have since discovered the Company Setup Options window has a checkbox for 'Enable Reverse Charge Taxes'. When that is marked you will be able to enter negative amounts in the tax detail maintenance window to account for this situation.

  • Beat Bucher  GP Geek  GPUG All Star Profile Picture
    Beat Bucher GP Gee... 28,021 Super User 2024 Season 1 on at
    RE: Represent Input and Output VAT in Dynamics GP?

    Hi Chad,

    I don't know about your case, but for me this is a zero-sum game... in our company, when working with out-of-state suppliers, there is simply no tax added to the PO's..  is that a legal requirement to track a non-existing tax ?

    #confused

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