VAT group

For UK Tax Reporting, you can use a VAT group to group two or more Entities to account for VAT under a single Tax Identification Number (TIN) or VAT Registration Number (VRN).

One of the companies in the VAT group acts as the representative member or Main Accounting Entity (AE) to submit the consolidated VAT Return. The Main AE can perform all of the LSP functionalities for UK Tax Reporting. See VAT Accounting Entity.

In addition, the totals and breakdown details of the VAT report for each of the entities subscribed to the Infor Local.ly service within the VAT group can be generated and reviewed by the Main AE before it sends the consolidated return.

Other members of the group can view its own details of the VAT return data.