A11 - Account Default VAT Rate Percentage (Reports & Settings Report Generator variable)
From Catalyst
Syntax
A11
Description
The default V.A.T. rate percentage for this account.
Parameters
None.
Returns
A numeric value whose typical size is 2 digits plus 2 decimal places. There are up to 9 V.A.T. rates available to Platinum, the first four of these are usually configured as below.
- 1
- 20% (Standard Rate)
- 2
- 0% (Zero Rated - Book, Childrens Shoes, Items sold overseas etc.)
- 3
- 0% (Exempt - Essential safety equipment)
- 4
- 5% (Reduced Rate - Fuel etc.)