VAT book transactions

Transactions

If you create transactions of a transaction type that you link to a VAT book, the following rules apply:

• The tax code of the transaction must not be of the On Payments type. This also applies to credit notes.
• The tax year of the document number must be equal to the transaction entry date of the batch.
• You cannot create transactions in a tax period if the status of the VAT book or the VAT liquidation report of the tax period is Final.
• You cannot create VAT book transactions with a transaction date earlier than the current date.
• You can enter a transaction date later than the current date. If you do so, you cannot create other transactions of the same transaction type with transaction dates earlier than the latest transaction date.
• You can only link tax codes to VAT book transactions if the Include In VAT Book option is selected for the tax code by country combination.
• The tax on VAT book transactions to which intracommunity transactions purchase VAT applies must be Shifted tax, which implies that LN does not add the tax amount to the open entries.
• In Invoicing, invoices for VAT book transactions and for other transactions cannot be composed on one invoice. The Include In VAT Book option of the tax code by country combination is one of the predefined, fixed composing criteria.
• You cannot archive and/or delete VAT book transactions if the status of the VAT book for the period of the transaction is not Final.