Creating a VAT return report
- Sign in as Process Server Administrator and select Configuration > Service Definitions. Open and enable TaxReportService.
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Set up a tax entity:
- Sign in as Application Administrator and select Payables > Administration.
- On the Tax tab, click the Entities link.
- Open a tax entity.
- Specify the Tax Identification.
- On the VAT/ Intrastat tab, clear the Intrastat Identification check box.
- Specify the VAT Registration Country/Jurisdiction and VAT Registration Number fields.
- Select EUR in the Default Filing Currency field.
- On the Entity Tax Code Detail tab, create an entity tax code.
See the Tax User Guide.
- Create a tax calendar.
- On the VAT pane, click the Report Maintenance link.
- Open a record.
- Create tax reporting lines and codes using the entity tax code that you created.
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Set up customer records in Receivables:
- Select Receivables > Customers.
- Create a customer with a UK address.
- On the Company Customers tab, open a company customer.
- Specify the customer that you created.
- On the Processing Rules tab, specify the tax code that you created.
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In the Value Added Tax section, complete the fields.
See Receivables setup in Financials Setup and Administration Guide.
- Select Payables > Vendors.
- Create a vendor.
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Create invoices in Receivables, Billing, and Payables:
- Select Receivables > Invoices.
- Create a receivables invoice.
- Specify the tax codes that you created in Report Maintenance.
- Select Other Modules > Billing > Invoices.
- Create a billing invoice.
- Specify the tax codes that you created in Report Maintenance.
- Select Payables > Invoices.
- Create a payables invoice.
- Specify the tax codes that you created in Report Maintenance.
- Select Payables > Administration and click the Tax tab.
- On the VAT pane, click the Report Maintenance link.
- Open a record.
- To view the tax transactions, click the Tax Transactions tab.
- Select Payables > Administration and click the Tax tab.
- On the VAT pane, click the Return Report link.
- Complete the fields.
- Click Submit.
- To view if the report is complete, click Notifications.
- Sign in as Process Server Administrator and select Administration > Work Units > Work Units. Verify that the work unit is generated.
- Verify the BODs in ION Desk.
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In LSP, generate and submit the VAT
return.
See the LSP User Guide in the Infor Localization Services User and Administration Library (Cloud and On-premises).