Recovery
method |
Description |
Percentage |
This
method allows for direct input of the recovery percentage
and will be appropriate where:
the
recovery rate is already calculated outside of AlphaVAT,
the
data required to calculate the rate is not within
the financial statements uploaded to AlphaVAT, or the
other available methods are not applicable.
A description
input is also provided, that must be completed. |
Taxable
sales amount |
The
recovery rate is calculated based on the ratio of the
value of taxable sales over total sales for the sector.
Selecting this option will prompt AlphaVAT to present
additional calculation inputs at the
Map files stage. |
Taxable
sales count |
The
recovery rate is calculated based on the ratio of the
number of taxable supplies over the total number of supplies
for the sector. Selecting this option will prompt AlphaVAT
to present additional calculation inputs at the Map files
stage. |
Custom
table amount |
Additional
mapping options will be provided for a custom A/B calculation
based on the values within a mapped separate table. Use
the Amount mapping column heading for this separate uploaded
table.
NOTE:
This recovery method requires a separate CSV file to be
uploaded containing the table of recovery data. |
Custom
table count |
As
above but will count the number of items for the custom
A/B calculation.
NOTE:
This recovery method requires a separate CSV file to be
uploaded containing the table of recovery data. |
Fraction |
This
method, like the Percentage method, allows for direct
input of the recovery rate but expressed as a fraction.
A description input is also provided. |
Pool
rate |
The
pool rate involves taking an average of the recovery for
the remaining non-pool rate sectors, calculated as input
VAT recoverable over total input VAT. This percentage
is then used in the recovery for the pool rate sector.
Click the Manage pool button
to add or remove sectors from the pool via the resulting
dialogue. |
