Partial VAT

As a charitable organisation, you are eligible to reclaim VAT on some of the goods and services you purchase for use within your organisation. But the process of doing so can be extremely complex.

Individual organisations can agree to a framework directly with HMRC. This may involve agreeing on a range of VAT recovery percentages depending on the exact nature of goods or services being provided by your organisation, so one size does definitely not fit all.

Our Partial VAT module is a key part of our NfP 365 Finance solution which is built on Microsoft Dynamics 365 Business Central and tailored to the unique needs of charities. The module is fully flexible and configurable to assist charities with VAT recovery calculations.

•  Support for Partial VAT functionality
• Built-in processing for Full Recovery of VAT, Partial Recovery of VAT using a Fixed Recovery % and Variable %
• Ability to enable Partial VAT on an organisation-by-organisation basis
• An extended VAT Posting Setup
• Compatibility with all methods of Journal data
• Support for Journal Corrections (in cases of Partial VAT)
• Extension of functionality in relation to Journals/Purchase Transactions
• Support for Partial VAT capability in relation to Purchase Transaction
• Provision of a ‘Partial Recovery – Variable’ Routine