/visma-net-erp/help/vat/manage-vat-periods section 2026-02-19T17:09:06+01:00 # Manage VAT periods /visma-net-erp/help/vat/manage-vat-periods/manage-vat-periods page An organisation may consist of a number of branches, each with a certain level of autonomy. 2026-02-19T17:09:06+01:00 # Manage VAT periods An organisation may consist of a number of branches, each with a certain level of autonomy. Each branch can be a separate legal entity, but they all are organised within the same tenant account in Visma Net. These branches may have different durations of VAT periods and even different durations of tax years. Thus, sometimes for a particular branch, you may need to do one of the following: + Set up an individual VAT period duration + Change the VAT period duration for particular reasons (for example, the branch income has changed, so the tax periods have changed from a month to a quarter) + Configure a short tax year In Visma Net, you can configure a tax year for each branch and tax agency combination individually, specify the particular VAT period type, and set up a short tax year. Each branch can prepare, void, and release its own VAT reports and close the branch's own VAT periods separately from one another. The topics of this chapter describe the setup and maintenance of a tax year in Visma Net. ## Topics + [About the setup and maintenance of VAT periods](/visma-net-erp/help/vat/manage-vat-periods/about-the-setup-and-maintenance-of-vat-periods/) + [Configure a tax year](/visma-net-erp/help/vat/manage-vat-periods/configure-a-tax-year/) /visma-net-erp/help/vat/manage-vat-periods/about-the-setup-and-maintenance-of-vat-periods section You configure a tax year structure for each particular combination of the branch and tax agency by using the VAT periods (TX207000) window. 2026-02-19T17:09:06+01:00 # About the setup and maintenance of VAT periods You configure a tax year structure for each particular combination of the branch and tax agency by using the VAT periods (TX207000) window. For more information: [VAT periods (TX207000)](/visma-net-erp/help/vat/vat-windows/vat-periods-tx207000/). ## Setting up VAT periods In the [VAT periods (TX207000)](/visma-net-erp/help/vat/vat-windows/vat-periods-tx207000/) window, you can set up VAT periods for the selected branch and tax agency. The duration of these VAT periods may differ from the default VAT period type specified for a tax agency in the [Suppliers (AP303000)](/visma-net-erp/help/supplier-ledger/supplier-ledger-windows/suppliers-ap303000/) window. To set up VAT periods, in the **Branch** and **Tax agency** fields in the top part of the [VAT periods (TX207000)](/visma-net-erp/help/vat/vat-windows/vat-periods-tx207000/) window, you select the required branch and tax agency. In the **Tax year** field, specify the tax year for which you are going to configure the periods. Then in the **VAT period type** field, select the required type of a VAT period. Once you select a VAT period type, the system displays the list of VAT periods in the table on the window. > [!NOTE] > You can change the VAT period type only if all of the periods of the selected year have the **Open** status. To complete the process of setting up periods, click  in the window toolbar. > [!NOTE] > By default, a legal entity has a tax year that starts on January 1, has a duration of one calendar year, and has the period duration specified for the tax agency in the [Suppliers (AP303000)](/visma-net-erp/help/supplier-ledger/supplier-ledger-windows/suppliers-ap303000/) window. If you do not need to modify these default settings, you can proceed with tax report preparation without performing any additional configuration in the [VAT periods (TX207000)](/visma-net-erp/help/vat/vat-windows/vat-periods-tx207000/) window. ## Viewing VAT periods On the [VAT periods (TX207000)](/visma-net-erp/help/vat/vat-windows/vat-periods-tx207000/) window, you can select the needed branch, tax agency, and tax year in the top part. Once you do, the system displays the list of VAT periods in the table, so that you can review VAT periods and their statuses for the current tax year and or a past tax year. In the table, you can also view the net VAT amounts for the closed VAT periods. ## Shortening a tax year In Visma Net, you can configure a short tax year or a tax year of a duration that is less than 12 month. In the [VAT periods (TX207000)](/visma-net-erp/help/vat/vat-windows/vat-periods-tx207000/) window, once you select the required combination of the branch and tax agency, you select a needed tax year in the **Tax year** field, and, next to this field, you select the **Short tax year** check box. Once you do, the **Add period** and **Delete period** buttons become available on the table toolbar, so that you can delete and add periods as needed. You save this modified tax year configuration by clicking  in the window toolbar. > [!NOTE] > Only a tax year for which all periods have the **Open** status can be shortened. ## Specifying the default VAT period type The default VAT period type is specified for each tax agency in the **Default VAT period type** field on the **Tax agency settings** tab of the [Suppliers (AP303000)](/visma-net-erp/help/supplier-ledger/supplier-ledger-windows/suppliers-ap303000/) window. The system uses this VAT period by default for each newly added branch. You can override this setting for a particular tax agency and branch by using the [VAT periods (TX207000)](/visma-net-erp/help/vat/vat-windows/vat-periods-tx207000/) window. ### Parent topic [Manage VAT periods](/visma-net-erp/help/vat/manage-vat-periods/manage-vat-periods/) ### Related tasks [Configure a tax year](/visma-net-erp/help/vat/manage-vat-periods/configure-a-tax-year/) /visma-net-erp/help/vat/manage-vat-periods/configure-a-tax-year section 2026-02-19T17:09:06+01:00 # Configure a tax year 1. Go to the [VAT periods (TX207000)](/visma-net-erp/help/vat/vat-windows/vat-periods-tx207000/) window. 1. In the **Branch** field, select the branch, for which you want to set up VAT periods. 1. In the **Tax agency** field, select the tax agency whose VAT periods you want to set up. 1. In the **Tax year** field, select the tax year for which you want to set up VAT periods. 1. Optional: Select the **Short tax year** check box to set up periods for a tax year that is shorter than the calendar one. Once you select this check box, the **Delete period** and **Add period** buttons will be available in the table toolbar so you can delete and add periods in the table. 1. Optional: In the **Start date** field (which is available for editing only if there are no tax years in the system for the selected branch and tax agency), select the first day of the tax year. 1. In the **VAT period type** field, select the type, which defines the duration of the VAT periods. The available values are **Half a month**, **Month**, **Two months**, **Quarter**, **Half a year**, **Year**, and **Financial period**. 1. Click . Parent topic: [Manage VAT periods](/visma-net-erp/help/vat/manage-vat-periods/manage-vat-periods/) /visma-net-erp/help/vat/manage-vat-periods/close-the-last-vat-period section 2026-02-19T17:09:06+01:00 # Close the last VAT period To go back to the main process, click outside this pop-up window. ## Before you start Before you close the last financial period of a financial year, you must close the last VAT period of the financial year. If your company's financial year does not start with the calendar year, make sure you only close the VAT periods belonging to this financial year. The process described below has two parts: 1. In step 1-3 you prepare the VAT report. 1. In step 4-6 you close the VAT period and send the report. It is possible to complete part 1 first and have another person complete part 2 at another time. In that case, the person who completes part 2 needs to re-enter via the [Process VAT report (TX502000)](/visma-net-erp/help/vat/vat-windows/process-vat-report-tx502000/) report. 1. Go to [Prepare VAT report (TX501000)](/visma-net-erp/help/vat/vat-windows/prepare-vat-report-tx501000/). 1. In the **Tax agency** field, click  to select one. 1. Fill in the **Reporting period**. 1. Click **Prepare VAT report**. You are now forwarded to the [Process VAT report (TX502000)](/visma-net-erp/help/vat/vat-windows/process-vat-report-tx502000/) window. 1. Click **Close period**. 1. Click **Send**. Depending on country and settings, you can now send the report electronically. 1. Your tax agency may now ask you for authentication: Enter all required access data and confirm the sending. In some countries you have to upload the now created file and send it directly to the tax authorities. The report is now sent to the tax authorities. Depending on your settings, you can re-run the report in case you need to add postings later.