How do VAT exempt supplies work in RetailVista?

This document describes what is needed to work with VAT exempt deliveries in RetailVista.
When creating a customer, it can be indicated whether they are VAT liable or not. For a non-VAT liable customer, the VAT number must be provided. The reason for this is that a declaration must be made to the tax authorities of which products have been delivered VAT exempt to which customer (customer).

In 'Extended Statistics' there is statistic 130 that can generate the requested overview for the tax authorities. 

In 'Relationship Maintenance', a relationship will then be created and linked to the previously created customer, so that VAT exempt deliveries can be made. For the statistics and for any export to a financial administration, it is advisable to also create a revenue type for VAT exempt deliveries. This revenue type must then be indicated for the relationship.

By default, in RetailVista, only sales on account can be delivered VAT exempt. However, it can be set in 'Settings, Point Of Sale', tab 'General' that cash deliveries are also VAT exempt.

By synchronizing RetailVista POS now, RetailVista POS will automatically deliver VAT exempt when selecting the previously created relationship.

This means that when a product is sold, the VAT code is stored in the sales history, but the VAT percentage for that sale is set to 0%. By doing this, it is possible to later generate a report on what has been sold to VAT-exempt debtors at, for example, the 'High' VAT rate. Such a report on 'Intracommunity supplies' per VAT rate is a requirement for the tax authorities.

The integration with a financial administration system can also handle VAT-exempt supplies. Therefore, it is important to specify separate general ledger accounts for the revenue category 'VAT-exempt supplies' in the 'Chart of Accounts links'.

In the above-mentioned general ledger link, sales from the cash register group 'Barbecues and accessories' in the revenue category 'VAT-exempt supplies' will now be recorded in general ledger account 1770 for VAT and the revenue will be recorded in general ledger account 8900.