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T: |
01784 777 700 |
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E: |
enquiries@taxsystems.com |
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W: |
www.taxsystems.com |
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T: |
01784 777 700 |
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E: |
enquiries@taxsystems.com |
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W: |
www.taxsystems.com |
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Recovery percentage rounding |
The
recovery percentage under the standard method is rounded in accordance
with During the set-up of the VAT group, AlphaVAT cannot determine whether the £400,000 residual input tax threshold has been exceeded as the member amounts are not available, therefore this configuration option is required. By default, this option is set to No, meaning that the recovery percentage will be rounded up to 2 decimal places. You can change the default by clicking on the Yes option, meaning the recovery percentage will instead be rounded up to 0 decimal places. After the group has been consolidated, if this option is incorrectly set, a diagnostic will be displayed, please see the Diagnostic report help page for further information. |
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