Ever tried to implement the VAT Margin Scheme in Microsoft Dynamics 365 Business Central and found it challenging? Did you resort to manual calculations and workarounds? Has your team struggled with complex VAT reporting for second-hand goods?

When dealing with second-hand goods in Dynamics 365 Business Central, accurately calculating VAT over the profit margin can become a daunting task. Traditional methods require manual tracking of purchase prices and profit margins, leading to unnecessary steps, potential errors, and significant administrative burdens. The standard Business Central setup doesn't support the VAT Margin Scheme out of the box, forcing you to rely on time-consuming processes that cause stress and inefficiency in your business operations.

Streamline VAT margin scheme implementation

With Codadot's VAT Margin Scheme app, you can effortlessly implement this special VAT calculation method directly within Business Central. The app automates the calculation of VAT over the profit margin, eliminating the need for manual tracking and complex workarounds. This not only reduces administrative burdens but also ensures compliance with EU and UK regulations.

Enhance efficiency and compliance

Our solution is ideal for businesses trading in second-hand goods. By automating the VAT Margin Scheme, you can accurately record purchases and generate VAT-compliant invoices with zero VAT displayed—all with minimal configuration. The app seamlessly integrates with your existing Business Central setup, allowing you to focus on growing your business instead of managing complicated tax calculations.

Features

Automatic margin calculation
Automatically calculate VAT on the profit margin, including for specific costing items, simplifying second-hand goods transactions. Supports both Globalization and Individualization methods.
Configurable VAT posting groups
Set VAT posting group combinations where the VAT Margin Scheme applies.
Override VAT posting group for a specific serial number
Override VAT product posting groups at the serial number level.
Automatic initial purchase price determination
Determine initial purchase prices using item ledger entries and value entries.
Consistent pricing
Sales prices remain consistent, whether the order is including VAT or excluding VAT.
Accurate VAT entries
VAT entries reflect the profit margin and the VAT over the profit margin instead of the full line amount and the VAT over the full line amount.
Compliant invoices
Generate VAT-compliant invoices displaying zero VAT to the customer, while VAT is correctly posted to the ledger.
Backwards compatible, but future-proof
Supports both legacy and interface invoice posting methods.
Flexible reports for serial numbers
Print serial numbers on sales documents without the need for report adjustments.

Elevate your Business Central experience with Codadot's VAT Margin Scheme—the smarter way to manage VAT for second-hand goods. Start your free trial today and simplify your VAT reporting. Both your team and your business will benefit from increased efficiency and compliance.

Supported Editions

This app supports both the Essential and Premium editions of Microsoft Dynamics 365 Business Central.

Supported Countries/Regions

Belgium, Germany, Netherlands, United Kingdom, France, Italy

Supported Languages

The app is available in Dutch (Belgium), Dutch (Netherlands), English (United Kingdom), English (United States)

VAT Margin Scheme

by Codadot