Creating tax usage codes

Set up a usage code for each usage category that is required on the VAT Return Report.
  1. Select Financials > Payables > Tax Setup > Tax Usage Codes.
    Or select Financials > Receivables > Tax Setup > Tax Usage Codes
  2. Click Create.
  3. Specify this information:
    Finance Enterprise Group
    Select a finance enterprise group for your organization.
    Tax Usage Code
    Specify the codes that you can assign to tax codes. Tax usage codes keep statistics on the invoice amounts of goods and services that are purchased for specific uses. These statistics are required on some Value Added Tax (VAT) return reports.
    Description
    Provide a description.
  4. Click Save.