VAT periods (TX207000)
The window toolbar
| Element | Description |
|---|---|
| Actions | Provides the following menu commands:
|
| Reports | Provides the following menu commands, which you can click for fast access to reports:
|
The top part
In the top part, you can select a branch, a tax agency, and various tax year settings to configure a tax year structure.
| Element | Description |
|---|---|
| Company | The company for which VAT periods are shown in the table (in respect of the selected tax agency). |
| Tax agency | The tax agency for which VAT periods are shown in the table (in respect of the selected branch). Select a tax agency from the list of agencies available in the system. The suggested tax agency can be defined on the VAT information tab in the Organisations (CS101500) or Branches (CS102000) windows. |
| Tax year | The tax year for which VAT periods are displayed in the table, which you select from the list of the years available for the selected branch and tax agency. By default, the current tax year is selected. If no tax years exist in the system for the selected branch and tax agency, by default, the system uses the tax year of the earliest taxable document. If no tax year and no taxable documents exist, the system uses the year of the current business date. |
| Short tax year | A check box that indicates (if selected) that the tax year is short. By default, this check box is cleared. If this check box is selected, the Delete period and Add period buttons become available in the table toolbar. This check box is available only if all VAT periods of the tax year have the Open status. |
| Start date | The first day of the tax year selected in the Tax year field. This date is available for editing only if there are no tax years in the system for the selected branch and tax agency. Otherwise, it is an informational setting. |
| VAT period type | The VAT period type, which defines the VAT period duration for the selected tax year. If you change the type of VAT period in this field and save your changes, the system updates the list of VAT periods in the table. This setting is available for editing only if all of the periods of the selected tax year have the Open status. Note If you change the VAT period type for a short tax year, the system will restore the length of the tax year to a full calendar year and will clear the Short tax year check box. If you need to change the VAT period type when some periods have been processed, select the Change tax report type check box. |
| Change VAT period type | A check box which makes it possible to change the VAT period type. If the check box is selected, the VAT period type will be available and you can change to a different type, and the VAT periods will be recalculated for the open periods. Changing from quarterly to monthly will change all the open quarters to monthly. Changing from monthly to quarterly will change the open months 3 by 3 so if you have closed/prepared period 04 April you will have period 05 May and 06 June then 07 as July to September and 08 as October to December. Note: If the remaining periods are less than wanted type, you can not change the type and you will get the error Remaining open periods does not match the VAT period type. Your selected type will be deleted. If you have created the next VAT year, this will be deleted so you can create it with the new settings. You will receive the message: Because the end date of the tax year has been changed, the subsequent tax years will be deleted. Please review and modify the next tax year settings if required. |
| EC sales list reporting period | The EC sales list reporting period defined on the tax agency in the Suppliers (AP303000) window. This can be changed here if a different period interval is wanted. |
The table
This table contains the list of VAT periods of the selected branch, tax agency, and tax year.
| Button | Description |
|---|---|
| + ( Add period ) | In the table, adds a new VAT period after the last one in the table. This button is available only if the Short tax year check box is selected in the top part of the current window. |
| x ( Delete period ) | In the table, deletes the last period of the year if its status is Open. This button is available only if the Short tax year check box is selected in the top part of the current window. |
| Column | Description |
|---|---|
| VAT period | The number of the VAT period. |
| Start date | The start date of the VAT period. |
| End date | The end date of the VAT period. |
| Status | The current status of the VAT period. |
| Net VAT amount | The amount accumulated in the line for which the Net VAT check box is selected on the Report lines tab of the Reporting settings (TX205100) window. When you click the amount, the system navigates to the VAT report details (TX502010) window, which displays the data for the selected branch, tax agency, and VAT period. |
| Unreleased net VAT amount | The not prepared amount accumulated in the line for which the Net VAT check box is selected on the Report lines tab of the Reporting settings (TX205100) window. When you click the amount, the system navigates to the Prepare VAT report (TX501000) window, where you can view the data for the selected branch, tax agency and VAT period. Unreleased documents are not included in this amount. |