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With the new VAT option 'Fiscal Entity' it is now possible to invoice within one fiscal entity. This means that no VAT will be charged. The operation is as follows:
- It is possible to set the VAT option 'Fiscal Entity' for a creditor and a debtor.
- When an invoice is sent or received from this debtor or creditor, no VAT is calculated on the invoice total, regardless of what has been entered at line level. Also, no VAT journal entries are created.
- When creating a sales invoice, the following text will be shown on the standard invoice: "No VAT due to VAT fiscal entity".
Internal Invoicing
In the Administration Cross Table you can choose the debtor and creditor with the VAT choice set to 'Fiscal Entity'. No VAT will be charged for invoices created via the Internal Invoicing process during time registration. The VAT fields in the crosstab then only determine the indication of VAT on the invoice lines. However, these are not included in the VAT journal entries.
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