Tax date, France (100082)

There must be an option to specify invoice date, prepayment date, delivery date, or another date as the tax date. The tax date is different than document, accounting, and transaction dates. The tax date primarily affects accounts receivable and accounts payable invoices, credit notes, debit notes, and AR and AP corrective transactions.

France specifics

In France, the receipt of goods is the basis of VAT declaration.

VAT must be calculated when the goods are received, even if the invoice is not received. The corresponding accrual for receipt of goods that are not invoiced must be recorded in a report. This report is only produced at year-end. The accrual amount for receipt of goods is reversed at the start of the following year when an invoice is received.

This information is not included within the monthly or annual VAT declarations, which are based on invoices, credit notes, and payments.

How Infor meets this requirement

The tax date is either the invoice date or the payment date, depending on whether you are assessing VAT on payment or VAT on invoicing.