The VAT module has been design to provide you with all the necessary information to produce the obligatory VAT 201 required by the Receiver of Revenue.
Input & Output VAT is posted through to the VAT module by the various source modules.
The system takes into account VAT adjustment on settlement discounts & discounts received.
The VAT on credit & debit notes also gets accumulated to the correct VAT "block".
All you are required to do is to feed the VAT 201 into your printer & Signet will do the rest!.