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Function documentation VAT Reporting 

Use

In the United Kingdom, companies can use the general report Advanced Report for Taxes on Sales/Purchases (RFUMSV00) to create their annual tax returns. This report provides the data to enable you to complete the VAT100 form for the authorities. However, to comply with the UK reporting requirements, note the following:

·  Bill deliveries in the same period.

·  Do not reclaim input VAT in the period before the tax point.

·  Use the posting date in SAP as the tax point date, so that VAT input and output totals can be agreed to the VAT accounts at the end of the period.

·  Execute the Input Tax from Parked Documents (RFPUMS00) report if you register invoices using the SAP document park function, so that VAT is picked up on invoices that have been received but not posted (the total is reversed in the following period to net against the VAT posted when the invoice is posted).

·  Execute the Input Tax from Parked Documents (RFPUMS00) report and the Add. List for Adv. Return for Tax on Sales/Purch.: Tax on Open Invoices (RFUMSVHU) report to repay input VAT claimed when purchase invoices remain unpaid after six months.

Activities

To access the Advance Return for Taxes on Sales/Purchases (RFUMSV00) report, on the SAP Easy Access screen, choose Accounting ® Financial Accounting ®General Ledger ® Reporting ® Tax Reports ® General ®Advance Return for Taxes on Sales/Purchases ®Advance Return for Taxes on Sales/Purchases.

To access the Input Tax from Parked Documents (RFPUMS00) report, on the SAP Easy Access screen, choose Accounting ® Financial Accounting ® General Ledger ®Reporting ® Tax Reports ®General ® Additional List for Advance Return for Taxes on Sales/Purchases ® Input Tax from Parked Documents.

To access the Add. List for Adv. Return for Tax on Sales/Purch.: Tax on Open Invoices (RFUMSVHU) report, on the SAP Easy Access screen, choose Accounting ® Financial Accounting ® General Ledger ®Reporting ® Tax Reports ® Hungary and UK ® Add. List for Adv. Return for Tax on Sales/Purch.: Tax on Open Invoices.

For generic information on VAT reporting, see Structure linkAdvance Return for Tax on Sales and Purchases.

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