VAT declaration per month and trader country is mandatory and is done by printing an official report and submitting the VAT transaction details to the VAT authorities.
The system checks that the VAT declaration printout amounts are compliant with the applicable VAT box check rules. If corrections are needed, then you are able to manually correct the amounts by entering adjustments in the VAT declaration corrections program. The corrections will be automatically included in the finally printed and sent VAT declaration. The system also allows you to print a VAT declaration corrections report.
Prerequisites
The setup described in Setting up VAT declaration parameters must be completed.
Enquiries and printouts
- G/L transaction enquiry
- VAT box rules printout
- VAT box check rules printout
- VAT box descriptions printout
- VAT code comb checks printout
- VAT handling codes printout
- A/P VAT daybook printout
- A/R VAT daybook printout
- The G/L VAT journal – displays details for all VAT transactions in the G/L journal.