•   Important Links
• StaffMail
• StudentMail
• Blackboard
• Print Credit
• Service Desk Ticketing System

Web Purchase, Requisitions on FOREIGN SUPPLIERS

NOTE TO ALL STAFF USING WEB PURCHASING

Note for those who use the web portal for raising Purchase Requisitions on FOREIGN SUPPLIERS - which are subsequently converted to Purchase Orders, if available budget permits.

When using web requisitioning for FOREIGN PURCHASES, the TAX CODE “ P0” (upper case P followed by a zero) should always be entered in the TAX CODE field on screen.

The impact of applying a tax code in Agresso is to properly account for the VAT liability owing to the Revenue Commissioners. As the ultimate VAT liability is only confirmed on receipt of the goods/service, the appropriate tax codes (normally U, I, F, or W) should be applied to (i.e. written on) INVOICES/CREDIT NOTES ONLY, and not when raising a requisition on the web. The rule is…..when raising a requisition on a FOREIGN SUPPLIER via the web portal, the only tax code you should enter on screen is P0 (P zero). This will result in the value you key in (i.e. have agreed with your supplier), being printed on the subsequent PO. No VAT will (or indeed, should be), added, UNTIL the related invoice is being processed.

It is only when you are have satisfactory delivery of the goods/service you have ordered, and are signing off on the supplier’s invoice, that you write in the appropriate tax code. Processing of these invoices in the Accounts Payable office with the tax code you have provided, will result in the relevant VAT being charged, and accounted for in Agresso, - normally charged to the cost centre (unless VATable Research), and paid over to the Revenue Commissioners.

Requisitions raised on HOME BASED SUPPLIERS (26 COUNTIES), should continue to have the correct P1, P2, P3, or P4 tax code entered.

In summary:

(A detailed list of tax codes can be found online at  Financial Accounting - Information on Taxation)

Gearóid Ó Broin, F.C.A.
7 ^th June 2007

• Disclaimer
• Privacy
• Copyright
• Accessibility