====== ~ VAT ~ ======

The **//~ VAT ~//** tab shows the VAT postings created from the document you are on. Brix posts VAT in real time, at the moment of the transaction that affects the VAT return — on approving and voiding invoices, approving incoming invoices and bank statements, confirming customer credit notes, paying or collecting through the cash desk and so on.

List columns:
  * Checkbox at the start of the row — Ticked when additional postings were created on that VAT line because the document was reconciled, for companies in the cash-basis VAT scheme.
  * //**{Date}**// — VAT posting date.
  * //**{VAT Filing}**// — Code and name of the VAT filing type under which the posting enters the return.
  * //**{Rate}**// — VAT rate.
  * //**{VAT Exemption}**// — Filled in when VAT is not charged.
  * //**{Base}**// and //**{VAT}**// — Base and VAT amount; totals row at the end of the list.
  * //**{Non-deductible}**// — Percentage of VAT that cannot be deducted.

Selecting a row shows, below the list, the accounting postings of VAT for that row, with the columns //**{Account}**//, //**{Name}**//, //**{Debit}**//, //**{Credit}**// and //**{Analytics}**//.

===== Companies in the cash-basis VAT scheme =====

When items of documents with VAT are reconciled, Brix automatically adds VAT postings to the VAT carrier document, i.e. the source document on which the VAT is stated. For partial reconciliations a separate VAT posting, proportional to the reconciled amount, is added to the carrier document for each reconciliation. Such rows are marked with the checkbox in the list.