Note: VAT has a separate license key. You must be licensed for VAT to enable it as a taxation method.
Implement your VAT configuration in the order documented below:
1. Enabling VAT for the default organization — gives you access to the VAT options in iMIS.
Note: Enabling VAT automatically disables the Default or Canadian taxation method for an organization. The VAT and Canadian taxation methods are mutually exclusive.
2. Defining VAT and intrastate country codes — lets you verify that the codes are correct for your needs before you do any configuration based on this table.
3. Defining VAT tax codes — lets you set up the tax codes that you need iMIS to use. If these tax codes are missing from the Product_Tax table, any taxes calculated equal zero.
4. Configuring financial entities for VAT — lets you set company information (such as registration codes and numbers) for each organization that will collect VAT.
5. Setting up Company Flow Down for VAT — so that VAT tab data for the company contact flows down to company members.
6. Configuring VAT options in AR/Cash — lets you select options for calculating taxability and including VAT in pricing and fees.
7. Defining VAT Rules for Events — lets you add special rules for your virtual and other-country events.
8. Finally, verify that the Default country for your website (System Setup > Set up web components > General configuration) matches the VAT Country you selected for your Default Organization in Desktop System Setup.