Tax Reporting Tab of Tax Codes Configuration

Contents

Tax Report Mapping Grid

The information that you enter on this tab is used to accumulate the base, tax, non-recoverable tax, and recoverable tax totals in the correct boxes or grids for tax reporting files that you generate in Accounting > Tax File Generation.

VAT Reporting Grid Toolbar

Field	Description
Insert	Click this option to insert a new row in the grid. In the row, enter the VAT box or grid number in which the base, tax, non-recoverable, and recoverable total amounts will appear in the tax files that you generate in Tax File Generation.
Delete	Select a row in the grid to delete and then click this toolbar option to delete the row.

VAT Reporting Grid Fields

Make numeric entries in the grid fields.

Important: If you need to enter 0 as the box or grid number for any of the fields in this grid (base amount, tax amount, non-recoverable tax amount, or recoverable tax amount), enter 999 in the field instead of 0. Vision interprets 999 as 0 for the tax reports. If you enter 0, it will be converted to blank.

For Belgian taxes:

Specify the grid numbers in which the base, tax, and non-recoverable tax total amounts will appear in the Belgium VAT Declaration XML file that you generate in Tax File Generation.

For example, some tax codes need only the base amount in a single grid number and the tax amount in a single grid number. You would enter these two grid numbers into the respective columns of one row. If a tax code needs the base amount entered into grid numbers 81 and 86 and you must also enter their tax amount into grid numbers 55 and 59, you would enter two rows in the grid.

For UK taxes:

Specify the box numbers in which the base, tax, non-recoverable tax, and recoverable tax total amounts will appear in the UK VAT Return file that you generate in Tax File Generation.

For example, some tax codes need only the base amount in a single box number and the tax amount in a single box number. You would enter these two box number amounts into the respective columns of one grid row. If a tax code needs the base amount entered into box numbers 6 and 7 and you must also enter their tax amount into box numbers 1 and 2, you would enter two rows in the grid.

Field	Description
Base Amount	Enter the box or grid number code for the base amount.
Tax Amount	Enter the box or grid number code for the tax amount.
Non-Recoverable Tax Amount	Enter the box or grid number code for the non-recoverable tax amount.
Recoverable Tax Amount	This field applies only for the UK VAT Return that you generate in Tax File Generation. If you need to report only the recoverable amount of a non-recoverable tax code, enter the box number for accumulating the recoverable tax amount total.