New VAT setup and EU Notional VAT


Surf Accounts has improved VAT return section with a view to cater to businesses in and around Ireland, United Kingdom and other European as well as non-European countries. The VAT rates applicable under different business transactions depending on the location of the customers, suppliers and the business itself can now defined to generate accurate Vat return report. To setup VAT, go to Settings tab. From the Look ups column, select VAT Setup. In here, we define the various functional attributes of the various VAT codes.  Each item is a drop down selection of the zero% VAT codes:


VAT No introduced within Supplier Edit Page

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