1. Home
  2. /
  3. User Guides
  4. /
  5. Financials
  6. /
  7. Accounts Receivable
  8. /
  9. Invoice handling
  10. /
  11. Working with EU statistics...
  12. /
  13. Work with EU VAT...

Work with EU VAT report corrections

Related topics

In this routine, you can correct errors that have been discovered. Two menu items are provided; one for correcting errors on a quarterly report and one for correcting errors on a monthly report.

To enter corrections on a quarterly report, do as follows:

  1. Select the Work with EU VAT report corrections – quarterly menu item.
  2. You access Work with EU VAT sales rep corrections, Quarterly. Click Add.
  3. You access the detail panel. Note: The changes you enter here will not affect the original EU VAT sales report, but are used to define and follow up errors made on it. Complete the following fields:
    4. Trader country
    The system country is defaulted if no other trader country has been entered in the Business partner file for this customer/supplier.
    Debtor
    Enter the debtor number for which the transaction in the previous quarterly EU VAT sales report was wrong.
    Debtor country
    Enter the VAT registration country for the debtor, from the Address file, used to register this transaction.
    Incl in year/quarter
    Enter the year and quarter in which the correct information should be included.
    Adjust year/quarter
    Enter the year and quarter for which incorrect information should be adjusted.
    Text
    Enter any extra information about the correction that you have stated above.

    Reversion

    In the following fields you enter information about the transaction that contained incorrect information on the previous quarterly EU VAT sales report. Note that the amount will not be automatically updated with reverse sign. You can either enter a reversion or a correction, or both.

    VAT registration no
    Enter the VAT registration number of the reversion.
    EU VAT rep act code
    Enter the EU VAT reporting activity code of the reversion, if applicable.
    Service sales
    Indicate if the reversion concerns a service amount.
    Amount (VAT rep cur)
    Enter the amount of the reversion in VAT reporting currency.

    Note that the amount entered will not be automatically updated with reverse sign. You must enter the applicable sign.

    Correction

    In the following fields you enter the information that should be adjusted for the transaction. Note that you are only able to enter the net amount to correct an amount error. You can either enter a reversion or a correction, or both.

    VAT registration no
    Enter a valid VAT registration number for the correction. The number you enter in this field must exist in the Address file for the country entered in Debtor country.
    EU VAT rep act code
    Enter the EU VAT reporting activity code of the correction, if applicable.
    Service sales
    Indicate if the correction concerns a service amount.
    Amount (VAT rep cur)
    Enter the amount of the correction in VAT reporting currency.

    Click OK.

    Conclusion
    The entered correction values are stored in an interim file and will be retrieved to the official EU VAT sales report when created.

    You can print a list of the entered corrections. See Print an EU VAT report correction list for details. Exit the routine.

Related topics