X26 - VAT Rate (Accounts Report Generator variable)
From Catalyst
Syntax
X26
Description
The V.A.T. rate for a V.A.T. relevant transaction pair.
Parameters
None.
Returns
A numeric value whose typical size is 1 digit. There are currently 4 V.A.T. rates available to Platinum, these are usually configured as below.
- 1
- 20% (Standard Rate)
- 2
- 0% (Zero Rated - Book, Childrens Shoes, Items sold overseas etc)
- 3
- 0% (Exempt - Essential safety equipment)
- 4
- 0% (Spare)
