Value Added Tax Returns Report (TX120)

Run Value Added Tax Returns Report (TX120) to print a report of tax transactions that will be entered on a VAT Return. You must first create a VAT report definition file, using TX06.1 (Tax Report Maintenance for Value Added Tax). For each VAT report line listed in TX06.1, TX120 analyzes the tax transactions for the period specified that match the tax codes or tax usage codes to be used for that line, calculates the cumulative totals, and produces the information to be reported on that line.