What is VAT Code?

Learn the basics about VAT codes

The VAT Code is typically a numeric identification number of a component that determines the VAT method and VAT rate to apply.

VAT (Value Added Tax) is a tax applied to items and services, and for some customers, it is necessary to apply VAT on specific categories of items or on every single item, to handle the economy of catering and additional services ordered for meetings

The VAT Code is typically a numeric identification number of a component that determines the VAT method and VAT rate to apply. 

In the AskCody Services Portal, it is possible to manually type in a VAT Code that will appear in the CSV files of the settlements, to make the economy easier to handle in your separate Economy System.