4.4 Taxation

PECOS P2P utilises Multi-Jurisdictional Taxation through the creation of bespoke Tax Types. Administrators must ensure that the correct Tax Type(s) are selected during initial setup through the Taxation screen in Organisation Maintenance. Some Tax Types will require the addition of Tax Treatments for use within PECOS P2P. Multi-jurisdictional Taxation is enabled through a System Dynamic Option and is therefore applied at system level.
Tax Types
Tax Treatments
Matching Tolerance
UK VAT