Tax Date
This field contains the tax date that will be shown on VAT
transactions. By default, this is the same as the invoice date. If certain country packs are
enabled, this date can be changed as needed. See the country guides for more information about
tax dates.
Changing the tax date for posted transactions does not require any journals or G/L transactions to be created. A tax date change on this form only affects the VAT reporting tax date. If there is a variance in the exchange rate because of the date change, you are prompted whether you want to update the exchange rate. (You should only need to update the exchange rate in some special cases; generally, the tax date is only used to determine the tax reporting period in which the invoice is included.) Optionally, you can run the Currency Revaluation report if there is a need to record the variance.