How to Adjust a GST Difference in Microsoft Dynamics 365 NAV Business Central

GST amounts that are automatically calculated in General, Sales, and Purchase can be manually adjusted in Microsoft Dynamics 365 NAV Business Central. A manual GST adjustment maybe required, in cases such as, an invoice received from a vendor does not match to the GST amount calculated in MS Dynamics NAV.

Source : Evolution Business Systems
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Changes in Accounting for VAT on Payment Terms

UK VAT legislation on prompt payment discounts (PPD) will be aligned with EU VAT legislation.

The government has made changes to the way VAT registered persons and companies account for VAT where they offer or take payment discounts (PPD). The current process will be amended to align with the Principal VAT Directive (PVD) which requires VAT to be accounted for on the consideration actually received and was introduced in the Finance Bill 2014. Further information is available from the HMRC Website.

Bron : Ash Chandler
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VAT Rate Change Tool in Microsoft Dynamics NAV 2013

Microsoft Dynamics NAV helps streamline routine accounting practices with automated financial processes. In Microsoft Dynamics NAV, you can set up multiple VAT rates using the VAT posting groups and general posting groups so that you can easily change VAT rates in order to maintain accurate VAT reporting. But companies often have thousands of open documents or journal lines where it would be cumbersome to manually update the VAT posting groups and general posting groups.

Bron : Microsoft Dynamics NAV Team Blog
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