When registering your business and depending on its type of activity, you can configure the type of VAT that will be automatically taken into account when performing entries.
The Cash VAT scheme applies to the current fiscal year and once set up, you cannot change to the VAT on debit regime.
It is nevertheless possible to derogate from the VAT scheme during entry.
It is nevertheless possible to derogate from the VAT scheme during entry.
To configure Cash VAT for your organization you must:
- Access the settings for your business.
Settings > Business – Business management
- Activate Cash VAT in the tab Legal obligations (ON).
- Confirm.
While performing entries the applicable VAT rate will be recognized immediately.
It is nevertheless still possible to occasionally derogate from the Cash VAT scheme during entry.
Follow all the news from Sage