Value-added tax (VAT) or goods and services tax (GST)
Version | 2.80 and up(Country configuration) |
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Version | 2.116 and up(State configuration) |
Here is how to do it: Set up your AdSpecs according to your tax requirements. ADvendio currently supports two VAT/GST rates which are called type 1 (normal) and type 2 (reduced). If you only use one rate you can just use type 1 on all of your items that are taxed. Please also follow the Administrative instructions 7.6.2.1 Configure the VAT / GST Calculation.
VAT/GST can be set up to cover a combination of different situations, Country to Country, State to State within one Country, State to State across borders etc. Once set up and configured according to the Administrative Instructions (7.6.2.1 Configure the VAT / GST Calculation), VAT/GST relevant information can be seen on objects throughout your Inventory.
Read here how to 3.2.4 Enter the VAT type on your AdSpecs.
We have synchronized and automated the processes by which VAT/GST settings are applied to your Media Campaigns. Once Campaign Items have been added to your Media Campaign using the Media Configuration, or thereafter, VAT/GST relevant information is added to or changed on your Media Campaign, the applicable VAT/GST setting is automatically applied/updated. Your proposals will then show the exact tax data which will later be invoiced.
When creating Media Campaigns to which you expect VAT/GST to be applied, ensure that you:
Which fields are populated on the Media Campaign level depends on 1) the type of VAT/GST items in the Media Campaign and 2) the VAT/GST settings which are applied.
In the following text, only VAT is written. VAT is used here as a placeholder and GST can be used instead. All field names in which VAT occurs can also be renamed accordingly with very little effort. |
Field Descriptions:
* New fields in 2.116
Create items as VAT/GST Exempt: If you mark this checkbox ALL newly created Campaign Items for this Media Campaign are also set to be VAT/GST Exempt. This will not influence already existing Items. So make sure to manually edit those if needed. Where items are created as VAT exempt, the PDFs will display the following disclaimer 'Tax debtor is the beneficiary.' |
In the following text, only VAT is written. VAT is used here as a placeholder and GST can be used instead. All field names in which VAT occurs can also be renamed accordingly with very little effort. |
Each line item also carries its own tax information.
VAT Rate B is available from 2.116 and up
The tax rate is defined by the VAT type of the AdSpec and the custom VAT settings which are dependent on the seller and buyer of the Media Campaign. The VAT amount gets calculated by multiplying the N2 (default or the defined taxable type) with the rate.
In the following text, only VAT is written. VAT is used here as a placeholder and GST can be used instead. All field names in which VAT occurs can also be renamed accordingly with very little effort. |
The Invoice contains all VAT data from all Invoice Items. The VAT information summarizes all existing Invoice Items grouped by the normal(1) and reduced(2) VAT rates.
Field Descriptions:
The VAT fields are analogues to the fields in the media campaign (see explanation above):
VAT Rate B is available from 2.116 and up
VAT Exempt (Invoice) is overriding the VAT Exempt (Invoice Item). |
In the following text, only VAT is written. VAT is used here as a placeholder and GST can be used instead. All field names in which VAT occurs can also be renamed accordingly with very little effort. |
The Invoice Items contain information from Campaign Items, custom VAT settings and relevant VAT Buyer/Seller (Media Campaign).
The information is transferred from the campaign item via Mapping BA to the invoice item:
VAT Rate B is available from 2.116 and up
In order to display your VAT on your quotes and invoices, you need to ensure that your preferences are configured correctly.
Please see 7.5.1.3 Show the Gross Value (B3) and VAT on a Proposal and 7.5.2.4 Show the Gross Value (B3) and VAT on an Invoice. VAT IDs or relevant accounts can also be displayed on Invoice PDFs for more VAT transparency. To find out more, read how to configure your invoice layout.