PESM calculation with sectors

Having selected the My recovery DOES need sectors defined option, you will be taken to the My Sectors screen.  The process for setting up your sectors has been split into the following three components:

• Manage sectors:  Allows you to set up the sectors required for your calculation.

• Manage recovery: Allows you to define the recovery method for each of your sectors.

• Manage steps: Allows you to create and define steps required for your calculation.

Together, these three components ensure that the residual indirect VAT amount is allocated to the correct sector and the correct recovery method is applied.

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