(POL) Set up VAT report date codes
Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2
Value-added tax (VAT) transactions are selected for the VAT register report based on the date of the VAT register. The VAT register date is specified according to business and tax rules. In Microsoft Dynamics AX, the VAT register date is based on the VAT codes that you define.
You can define the setup for the VAT register date in the VAT report date codes form.
The VAT date code can be selected in the Customers and Vendors forms. When you generate a sales order or purchase order for a customer or vendor, the value in the VAT code field is also used in the Sales order, Free text invoice, and Purchase order forms. When you post an invoice, this value is transferred to the Invoice posting form.
Click General ledger > Setup > Sales tax > VAT report date codes. Click New to create a new line.
In the VAT report date code field, enter an identification code for the VAT report.
In the Description field, enter the description of the VAT code.
In the Include in VAT report field, select the method to use for VAT reporting. Select one of the following options:
With VAT report date – The whole amount of the invoice is shown on the report if the calculated date in the Date of VAT register field in the Invoice posting form is in the date interval of the report.
With VAT report date not later than – The whole invoice amount is shown on the report if the date in the Date of VAT register field is in the date interval of the report. The date is calculated based on the information in the Counted from and Number of days fields.
With date of physical payment – If you select the Partial settlements check box, the settled part of the invoice amount is shown on the report if the reporting interval includes the payment dates.
If the Partial settlements check box is not selected, the invoice amount is not shown on the report until the invoice is completely settled.
With date of physical payment not later than – If you select the Partial settlements check box, settlements that occur in the date interval for the report are shown. If the calculated value in the Date of VAT register field is in the report date interval, the whole invoice amount, except the settled amounts for the previous period, are shown on the report.
If the Partial settlements check box is not selected, select Transaction date or VAT date in the Counted from field to specify the criterion that is used to calculate the date of the VAT register.
If you want the value in the Date of VAT register field to equal the value in the Due date field in the Invoice posting form, select the VAT date is the same as payment date check box.
Click Accounts receivable > Common > Customers > All customers.
–or–
Click Accounts payable > Common > Vendors > All vendors.
Open the customer or vendor record to select the VAT report date code.
On the Invoice and delivery FastTab, in the VAT report date code field, select the VAT code.