Used Parts Tax
This chapter describes how to set up the used parts tax.
In addition, this chapter describes how to add the used parts tax on item cards and how to add the used parts tax in documents. Please click on one of the following links to go to the instructions:
Note
The following instruction doesn’t contain information on the applicable tax laws.
For more information on the used parts tax, please seek advice from your tax consultant/auditor.
For more information on used parts tax, see Used Parts Tax.
Set up Used Parts Tax
This section describes how to set up the used parts tax. To be able to set up the used parts tax, you have to create a VAT Prod. Posting Group for used parts tax.
Please proceed as follows:
- Use the quick search in TRASER DMS 365 (Alt+Q) to find the page VAT Prod. Posting Group.
- The page VAT Prod. Posting Group is displayed.
- Click New in the menu bar.
- Use the Code column to enter a code for the used parts tax product posting group.
- Use the Description column to enter a description for the used parts tax product posting group.
You have set up a VAT prod. posting group. Next, you have to set up the used parts tax in the VAT Posting Setup.
Please proceed as follows:
- Use the quick search in TRASER DMS 365 (Alt+Q) to find the page VAT Posting Setup.
- The page VAT Posting Setup is displayed.
- In the menu bar, click on New to set up the used parts tax.
- A new card for the VAT posting setup will be displayed.
- Complete the following information in the General tab:
| Field | Description |
|---|---|
| VAT Business Posting Group | Use this field to enter the VAT business posting group (e.g. National). |
| VAT Prod. Posting Group | Use this field to enter the VAT product posting group (e.g. ALT). |
| VAT Calculation Type | By default, this field will have the value Normal VAT; however, if you activate the Used Parts Tax option, the value will be changed to Full VAT. |
| Description | Use this field to enter a description for the card (e.g. National Used Parts Tax). |
| VAT % | Use this field to enter the VAT rate (e.g. 19%). |
| VAT Identifier | Use this field to enter the VAT identifier (e.g. ALT). The VAT identifier will be used to group settings with similar properties. |
| VAT Clause Code | Use this field to enter the VAT clause code (e.g. L_Date). |
| Used Parts Tax | Activate this option to add the used part tax to this card. If you activate this option, the value in the VAT Calculation Type field will be changed to Full VAT. |
| Used Parts Tax % | Use this field to enter the used parts tax % (e.g. 10%). |
- In the Sales register, enter a sales tax account in the Sales Tax Account field. We recommend creating a new sales tax account.
Note
Neither SKR03, nor SKR04 usually have a separate account for the used parts tax. Below, you will find a recommendation of how to set up accounts:
| Account Name | Account Limit (Account No.) |
|---|---|
| Sales tax on used parts 19% | SKR03 (1799) |
| Sales tax on used parts 19% | SKR04 (3803) |
- In the Purchase tab, enter an account number for the input VAT into the Input VAT Account field.
Note
Neither SKR03, nor SKR04 usually have a separate account for the used parts tax. Below, you will find a recommendation of how to set up accounts:
| Account Name | Account Limit (Account No.) |
|---|---|
| Deductible input tax on used parts 19% | SKR03 (1579) |
| Deductible input tax on used parts 19% | SKR04 (1409) |
The following screen shot shows the settings for the used parts tax for the default account system SKR3.
You have successfully set up the used parts tax. If you post documents that contain items with used parts tax, the applicable ledger entries will be recorded in the accounts you have just set up.
List Item as Used Part
This section describes how to list an item as a used part.
Please proceed as follows:
- Use the quick search in Business Central (Alt+Q) to find the page Items.
- The Items page is displayed.
- Activate the option Used Parts Tax Mandatory.
The item is now listed as a used part.
If this item is added to a sales order, the system will automatically create a new line with the type G/L Account and the description Used Parts Tax Line.
When posting a document, the amount from the used parts tax line will now be added to the applicable account.