Sales tax settlement periods (form)

Article
05/05/2014

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

Click General ledger > Setup > Sales tax > Sales tax settlement periods.

Use this form to create and manage the sales tax settlement periods that your legal entity uses when reporting sales tax. Additionally, use this form to view the sales tax transactions of each settlement period and each period in a settlement period.

Posted transactions are designated with the settlement period in which the taxes that are related to the transaction must be reported. You select sales tax settlement periods for sales tax codes. Sales tax codes are added to the sales tax groups and item sales tax groups that are selected for transactions.

Task that uses this form

Set up a sales tax settlement period

Navigating the form

The following tables provide descriptions for the controls in this form.

Tabs

Tab	Description
General	Set up the sales tax authority code, terms of payment, and length of the periods that are included in the sales tax settlement period.
Periods	Add or remove the periods of the sales tax settlement period. You can create all the periods manually, or you can create the first period manually and then click New period to create subsequent periods. If your legal entity performs cash flow forecasts that estimate sales tax payments, create several periods in the future. Note You cannot change a period for which a sales tax payment transaction is posted. Likewise, tax transactions cannot be removed from the period in which they were posted. To correct errors, you must create an offsetting transaction that is identical to the original transaction, but that has the opposite mathematical sign.

General

Set up the sales tax authority code, terms of payment, and length of the periods that are included in the sales tax settlement period.

Periods

Add or remove the periods of the sales tax settlement period. You can create all the periods manually, or you can create the first period manually and then click New period to create subsequent periods. If your legal entity performs cash flow forecasts that estimate sales tax payments, create several periods in the future.

Note

You cannot change a period for which a sales tax payment transaction is posted. Likewise, tax transactions cannot be removed from the period in which they were posted. To correct errors, you must create an offsetting transaction that is identical to the original transaction, but that has the opposite mathematical sign.

Buttons

Button	Description
Sales tax payments	Open the Sales tax payments form, where you can view the sales taxes that are paid to the tax authority for the selected sales tax settlement period.
Interval sales tax settlements	Open the Sales tax payments form, where you can view the sales taxes that are paid to the tax authority in the selected period of the sales tax settlement period.
Posted sales tax	Open the Posted sales tax form, where you can view the posted sales tax transactions that are designated with the selected settlement period.
Sales tax per interval	Open the Posted sales tax form, where you can view sales tax transactions that are posted in the selected period of the sales tax settlement period.
New period	Create successive periods after you create the first period for the selected settlement period by using the Periods FastTab. If your legal entity performs cash flow forecasts that estimate sales tax payments, create several periods in the future.
Sales tax book status	View or modify the sales tax book for the selected period of the sales tax settlement period. Note (ITA) This control is available only to legal entities whose primary address is in Italy.

Fields

Field	Description
Settlement period	Enter the code for the settlement period.
Description	Enter the name of the settlement period as you want it to appear on reports and throughout the system. This name often appears together with the code of the sales tax settlement period.
Terms of payment	Select or view the terms of payment that apply to the payments that are made for the selected sales tax settlement period. If no selections are available, right-click in the field, click View details, and create terms of payment.
Authority	Select or view the sales tax authority to which taxes are reported and paid for the sales tax settlement period. If no selections are available, right-click in the field, click View details, and set up a tax authority.
Period interval	Select the period interval that determines the periods of the sales tax settlement period. If you select Months and then enter 3 in the Number of units field, three-month (quarterly) periods are automatically created on the Periods FastTab.
Number of units	Select the number of the period unit for the selected period interval that defines the periods of the selected sales tax settlement period. The length of each period that is created on the Periods FastTab is the period interval multiplied by the number of units. For example, if the tax authority wants to receive payments every month, select Months in the Period interval field and enter 1 in the Number of units field. Enter the dates for the first period on the Periods FastTab, and then create successive periods by clicking New period the appropriate number of times. Note In this example, if you enter 12 in Number of units field instead of 1, the periods that are created automatically are periods of 12 months (one-year periods).
From date	Enter or select the first day of the first period in the sales tax settlement period. Note After you create the first period, click New period or Add to create all other periods. Be sure that all days are included in the periods and that each day is included in only one period.
To date	Enter or select the last day of a period interval. Note After you create the first period, click New period or Add to create all other periods. Be sure that all days are included in the periods and that each day is included in only one period.
Closed	If this check box is selected, the Italian sales tax book for the period has been updated and automatically closed. A closed period cannot be reopened. Note (ITA) This control is available only to legal entities whose primary address is in Italy.
Last period	Select this check box if the period is the last period in a sales tax year. The page numbers of the sales tax book for the first period after the last period in a sales tax year start at 1. Page numbers are automatically reset when you select the Update check box in the Sales tax payment form for a period that has been selected as the last period. Note (ITA) This control is available only to legal entities whose primary address is in Italy.

Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).