Self Billing / Intercompany Trade Purchase Transaction Types (lpita2180m000)

Field Information

Business Partner

The code of the business partner for which the self-billing or intercompany transaction types data is maintained.

Name

The name of the business partner.

Tax Country

The code of the tax country for which the self-billing or intercompany transaction types data transaction types is maintained.

Note: By default, this field is set to ITA (Italy).

Tax Code

The tax code that is used for the specific country and business partner of the tax and registration data.

Note: The application allows you to use the tax code only if:

• The tax code is approved in the Tax Codes by Country (tcmcs0536m000) session.
• The Tax Code for No Tax check box is cleared for the tax code.
• The Tax Code Usage field is set to Purchase or All.
• The Kind of Tax field is set to VAT.

Tax Type

Indicates when the tax obligation arises.

Allowed values

Normal

The tax obligation arises at invoice creation. LN adds the tax amount to the net amount, which results in the gross amount on invoices. Furthermore, LN directly includes the chargeable or payable tax amount in the tax analysis in Financials .

Shifted

LN does not add the tax amount to the net amount, but posts it to the Purchase Tax account or the Sales Tax account. Simultaneously, LN generates a reverse entry on the Shifted Purchase Tax account or the Shifted Sales Tax contra-account in Financials . You define these accounts in the tax code posting data sessions.

In the tax analysis, the tax amount is included twice: once as an entry on the tax account, and once as a reverse entry on the shifted tax account.

On Payments

The tax obligation arises when the invoice is paid. This tax is paid in the same way as normal tax, but only becomes reclaimable or payable after the invoice has been paid. The tax is posted to an interim account and will only be transferred to the real tax account when the invoice is paid. If this type of tax is used in another type of transaction, the tax amount is directly posted to the tax account.

Include in VAT Book

Indicates whether the application includes transactions with this tax code in VAT book reports.

General

Transaction Type Usage

The type of usage for which the transaction types data is defined.

Allowed values

Self Billing

Intercompany Trade

All

Note: The Intercompany Trade option is applicable only if the Internal Business Partner check box is selected for the selected business partner.

Weight

The weight of the item associated with the transaction. If multiple tax codes exist for a business partner, the application considers the item with the highest weight.

Note: This field is enabled and you must specify a value only if the Tax Code is specified.

Purchase Invoices

Transaction Type for Purchase Invoices

The code of the transaction type that is used for the purchase invoices.

Note: The application allows you to use the transaction type only if the Documents in Fixed Sequence check box is selected in the Transaction Types (tfgld0511m000) session.

Series Number for Purchase Invoices

The code of the series that is used for the purchase invoices.

VAT Book

The VAT book to which the transaction type for purchase invoice is linked.

Credit Notes

Transaction Type for Credit Notes

The code of the transaction type that is used for the credit notes.

Note: The application allows you to use the transaction type only if the Documents in Fixed Sequence check box is selected in the Transaction Types (tfgld0511m000) session.

Series Number for Credit Notes

The code of the series that is used for the credit note.

VAT Book

The VAT book to which the transaction type for credit note is linked.