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Posting 100% VAT

Former Member
0 Kudos

Has any managed to post VAT/TAX through a standard GL journal and manage to get the VAT to show as deductable on the Tax Return. I am trying to find a way of claiming back VAT from purchase previously posted at full cost due to no VAT evidence. Two problems I am having are, getting the amount to show as deductable and getting a journal to allow a posting with 100% VAT with a zero posting to the expense or tax account. E.G.

AB

40 to expense with tax code 100% VX at 17.50

50 to expense at 17.50

or

AB

50 to expense at 17.50

40 to tax account with zero value and 17.50 tax value

Neither option work.

Accepted Solutions (0)

Answers (3)

Answers (3)

Former Member
0 Kudos

Hello every,

Has someone found a way to solve this problem correctly? I need to implement this point and i don't find any good solutions....

Thank you for your help

Regards,

JozsefSzikszai
Active Contributor
0 Kudos

hi Adam,

what is not working? what is the error message?

I think you have to post the VAT amount directly to the VAT account, indicating the tax base amount manually.

ec

former_member1095384
Active Participant
0 Kudos

Hello Adam,

We had the same problem and also didn't find a solution for it in SAP.

We now use a work around for this situation. We don't use a tax code in the posting and post it manually to the G/L tax account.

For reporting, we have to keep this account in mind everytime the tax return (RFUMSV00) is executed.

Regards,

Johan