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Oracle Applications White Paper Oracle Financials Release 12 Setups for 2010 EU VAT Package —Solution Based on Tax

Rules

Author: Contributors: Version: Create Date Update Date

Anand Naik Desh Deepak, Amit Jain, and Nigel Chapman 1.1 15-May-2010 27-May-2010

Contents

1.

INTRODUCTION .................................................................................................................................................................3 1.1 Scope..............................................................................................................................................................................3 2. IMPORTANT POINTS AND PATCH DETAILS ........................................................................................................................4 3. SUMMARY OF CHANGES IN EU VAT PACKAGE EFFECTIVE JANUARY 1, 2010 .................................................................5 4. SOLUTION SUMMARY .......................................................................................................................................................7 5. SAMPLE SCENARIO ...........................................................................................................................................................8 6. SETUP IN E-BUSINESS TAX AND BILL PRESENTMENT ARCHITECTURE (BPA) ..................................................................9 6.1 Setup in E-Business Tax for Order-to-Cash Transactions.......................................................................................9 6.2 Setup in E-Business Tax for Payables....................................................................................................................14 6.3 Setup in Bill Presentment Architecture (BPA) .......................................................................................................15 7. TRANSACTION PROCESSING IN RECEIVABLES AND PAYABLES FOR INTRA EU SERVICES ...............................................17 7.1 Receivables (Order to Cash Flow).........................................................................................................................17 7.2 Payables (Procure to Pay Flow)............................................................................................................................18 8. EUROPEAN SALES LIST (ESL) REPORT ...........................................................................................................................19

Oracle Financials Release 12 Setups for 2010 EU VAT Package—Solution Based on Tax Rules My Oracle Support Doc ID 1107453.1 Page 2 of 22

Introduction 1.1. It also includes the required setups in Oracle Financials Release 12.1 Page 3 of 22 . effective January 1.1 – offers a solution based on Tax Rules (this white paper) Oracle Financials Release 12 Setups for 2010 EU VAT Package—Solution Based on Tax Rules My Oracle Support Doc ID 1107453.1 – offers a solution based on Tax Rates Doc ID: 1107453. Note: There are two similar documents that provide setup scenarios for EU VAT 2010: o o Doc ID: 974979. 2010.1 Scope This document includes the summary of changes for the European Union Value Added Tax (EU VAT) provisions.

which will allow them to display Services and /or Goods and/or Triangulation transactions on the report.BPA. will they be able to specify the correct ESL report extraction parameter explained in this note. Oracle Financials Release 12 Setups for 2010 EU VAT Package—Solution Based on Tax Rules My Oracle Support Doc ID 1107453. The details given in this document offers another way of configuring the setup for EUVAT 2010 changes with an emphasis on Tax Rules.1.A R12.B The patches will allow users to perform the above setups. which offers a solution based on Tax Rates.A and 9123675:R12. v) The Setup described in this note is mainly for identifying transactions related to Intra EU ‘Services’ and displaying them on the ESL report.BPA. iv) Users should continue to extract the old ESL report from the Receivables responsibility until they have fully configured the solution given in this Note. Note: There is a separate Note addressing the setups in Release 11.2.ZX.1 Page 4 of 22 . They will also allow the user to do the following: • • • • • Create Legal Justification Tax Reporting Type. It is recommended that customers exercise due diligence before making any changes to their existing setups. Extract Summary and Detailed ESL report in the format explained above. Important Points and Patch Details i) The setup described in this document is only a sample setup.1: 9337544:R12. Create template in BPA to print Tax Invoice Date at the header region of a Receivables invoice. Create template in BPA to print Legal Legal Message at the footer/ line region of a Receivables invoice Associate Reporting Type Codes and Reporting Codes at the Rule result / Tax Rate level.0: 9337544:R12. Only after completing the required setups.5.10 (Refer to Note 961600. This note does not override the content of Doc ID 974979.ZX.B and 9123675:R12. There may be other ways of configuring the 2010 EU VAT requirements.1) ii) iii) Patch Details – Users should apply the following Oracle patches for their releases: • • R12.

Summary of Changes in EU VAT Package effective January 1.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2008:044:0011:0022:EN:PD F http://eurlex. Until 31 Dec 2010: Place where the activities are physically carried out.1.europa. There are exceptions to this new rule described above for certain types of services. Companies have to rethink their service flow. as well as. This will undoubtedly have an impact on all businesses. 2010 EU VAT changes are introduced to modernize and simplify rules relating to cross-border supply of services and recovery of input tax. is where the customer is established and not where the supplier is established (as is before January 1. 3. the general rule for place of supply continues to be the place where the supplier is established. 2010). The new rule for ‘Place of Supply of Services’. which supply and/or purchase services across EU countries. st st st Cultural.eu/LexUriServ/LexUriServ.3.eu/LexUriServ/LexUriServ.europa. Examples include - Service Type Immovable Property Passenger Transport Services Place of Supply Place where property is Located Place where the transport takes place proportionate to the distance covered.1 Business Features Addressed 3.1 Place of Supply For Business-to-Customer (B2C) supply of services. The summary of important changes in the VAT package is described below.do?uri=OJ:L:2008:044:0001:0006:EN:PD F http://eurlex.1 Page 5 of 22 . Educational Events etc including ancillary services Admission to Cultural. From 1 Jan 2011: Place where the customer is established (main rule B2B). their compliance and reporting obligations. Document Reference Title COUNCIL REGULATION (EC) No 143 2008 of 12 February 2008 COUNCIL DIRECTIVE 2008 8 EC of 12 February 2008 COUNCIL DIRECTIVE 2008 9 EC of 12 February 2008 Author EU Commission Link http://eurlex. for tax determination in a Business-to-Business (B2B) transaction. From: 1 Jan 2011: Place where the event actually takes place. These are the most far-reaching changes to VAT law since the introduction of ‘Single European Market’ in 1993.europa.do?uri=OJ:L:2008:044:0023:0028:EN:PD F EU Commission EU Commission It is recommended that customers exercise due diligence and discuss these changes with their tax advisors. educational events etc including ancillary services Oracle Financials Release 12 Setups for 2010 EU VAT Package—Solution Based on Tax Rules My Oracle Support Doc ID 1107453.

The exact text of the message may be defined by the countryspecific legislation. This information has to be submitted to their tax authority rather than to the member state of refund.1 Page 6 of 22 .2 Business Features Not Addressed 3. 3. the time of supply is the end of each calendar year. 3.1.2 VAT Refunds/Claims A new electronic VAT Refund procedure will be introduced across the EU effective January 1. In the case of continuous supply of services. 2010 to replace the current paper-based system. the tax point is linked to the end of each billing or payment period. 3.1. 3. for some EU countries. which are subject to reverse charge arrangements in the customer’s Member State. 3. For other EU countries.2.Service Type Restaurants and Catering Services Short term hiring of means of transport Place of Supply Place where the services are physically carried out. 3.3 European Union Sales Listing (ESL) for Services As of January 1 2010. Place where the means of transport is actually put at the disposal of the customer. the ESL report should be separately produced to show only such Services.2 Legal Justification Messages Legal message specifying that the customer of such services must self-assess the relevant tax should be printed on the Receivables (Intra EU Services) Invoices. Oracle Financials Release 12 Setups for 2010 EU VAT Package—Solution Based on Tax Rules My Oracle Support Doc ID 1107453. Businesses established in any EU country have to submit claims for overseas VAT electronically on a standardized form.4 Tax Point Date The tax point date is deemed to be earlier of these two dates: (a) when the service was completed or (b) when payment was made. services transactions.3 European Union Purchase Listing Report Requirements around Purchase Listing Report are scoped out / not addressed in this solution.2.do).eu/taxation_customs/vies/vieshome.1 VAT Number Validation The VAT number for the parties involved in the supply of services should be validated periodically against the VIES system (http://ec.europa. Where no invoice or other accounting document is issued or payment is made during the year. should be included in the existing ESL report for Goods. This system allows VAT registration numbers to be validated for all EU countries.1.2.

2 & 7.3 (D). Enter Tax Invoice Date on such services Receivables invoice. Create Tax Reporting Code for legal justification message and associate it with rules result to derive the correct Tax Status for Intra EU service transactions.1. Alternatively. Create a template in BPA to print Tax Invoice Date on Receivables invoice header.3 & 7. 6.1. Ensure applicable Tax is calculated for Intra EU services invoice line and the associated Offset Tax would get automatically calculated. Create a template in BPA to print the legal justification message on Receivables invoice/lines based on such Reporting Code. Create Regime to Rate flow setup for the applicable Tax and associated Offset Tax. 6. 7. Create Tax Reporting Code for Intra EU services and associate it with rules result to derive the correct Tax Status for Intra EU service transactions.1 Page 7 of 22 . 6. Self Assessed Tax can be configured instead of Offset Tax for reverse charging the transaction.1.1 .4. 6.1.2 Create reverse charge on Intra EU services Payables invoice.3 & 7.3 (D). 6.1 Print tax date on Intra EU services Receivables invoice. Solution Summary Requirement Setup Summary Explained in Sections Receivables Flow Identify Intra EU services transaction lines and display it on the European Sales Listing (ESL) Report. 6.1.2 Oracle Financials Release 12 Setups for 2010 EU VAT Package—Solution Based on Tax Rules My Oracle Support Doc ID 1107453.2.1.1 8 Print country-specific legal justification message on the Receivables invoice for Intra EU services. 6. Specify this Reporting Code as a selection parameter to display the Intra EU services invoice lines on the ESL report.1. Configure rules to correctly derive the Place of Supply.

let us take an example of an Intra EU Business-to-Business (B2B) transaction of services provided by a Seller in the United Kingdom to a Buyer in Germany. Sample Scenario For the ease of understanding the setups required for the EU VAT 2010 changes.1 Page 8 of 22 . Oracle Financials Release 12 Setups for 2010 EU VAT Package—Solution Based on Tax Rules My Oracle Support Doc ID 1107453.5.

6. Reporting code is printed on the ESL report at line level. Note: • Reporting Codes for Triangulation transactions may not be required for all EU countries. Setup in E-Business Tax and Bill Presentment Architecture (BPA) 6.1 Setup in E-Business Tax for Order-to-Cash Transactions To identify Intra EU services (B2B) transactions.1 Page 9 of 22 . Enable Reporting Type Use for Process Result (and Tax Rate if Service transactions are imported and manually entered– Refer to Section 7.1. Select Define List of Reporting Codes checkbox. To reduce duplication of efforts. the seller in the United Kingdom has to perform the following setup steps: 6. ix) Value entered in Reporting Code Description column is printed on the ESL report header.1 Create Tax Reporting Codes for Identifying Intra EU Transactions i) ii) iii) iv) v) Navigate to E-Business Tax –> Defaults and Controls –> Tax Reporting Types –> Create. Select Tax Reporting Type in the Reporting Type Purpose drop down. Both Reporting Code and Description are displayed as selection parameters for ESL report. Enter appropriate Tax Reporting Type Code and Name. users can create one setup of Reporting codes and make them available across all Regimes.1 for further details). Screenshot for creating sample Intra EU Transaction Tax Reporting Codes (for Services and Triangulation) for United Kingdom Oracle Financials Release 12 Setups for 2010 EU VAT Package—Solution Based on Tax Rules My Oracle Support Doc ID 1107453. If entered. viii) Enter appropriate Tax Reporting Codes as per user requirements. vi) Specify Minimum and Maximum Length of Reporting Codes. vii) Regime and Tax are not mandatory parameters.1. Reporting codes would be specific to that Regime and Tax. • Follow codification requirements of each country while defining the Reporting Codes and Description.

Enter appropriate Reporting Code and Legal Justification Text.6. Regime and Tax are not mandatory parameters.1 for further details).1.1. Select Legal Justification Message Type in the Reporting Type Purpose dropdown.2 Create Legal Justification Reporting Codes i) ii) iii) iv) v) x) vi) Navigate to E-Business Tax –> Defaults and Controls –> Tax Reporting Types –> Create. Note: Legal Justification Text (of maximum 240 characters) is printed on the invoice as per the template created in BPA. If entered.1 Page 10 of 22 . Enter appropriate Tax Reporting Type Code and Name. Enable Reporting Type Use for Process Result (and Tax Rate if Service Transactions are imported – Refer Section 7. Date Type should be Text and Define List of Reporting Codes checkbox are automatically selected. Screenshot for creating sample Legal Justification Reporting Type and Code Oracle Financials Release 12 Setups for 2010 EU VAT Package—Solution Based on Tax Rules My Oracle Support Doc ID 1107453. Reporting codes would be specific to that Regime and Tax.

6.1. user will have to create rules from either of screenshots (A) or (B) below).3 Create Tax Rule and Associate Reporting Codes i) Navigate to E-Business Tax –> Tax Configuration –> Tax Rules. iv) Navigate to Reporting Codes (besides Result) and associate the Tax Reporting Code and Legal Justification Reporting Code as created in Section 6.1 Page 11 of 22 .1. (A) Screenshots of Rules to be created by users who do not want to create “Service” as a Inventory Item (A1) Rule to be configured to correctly calculate the Tax Status for Exception Services (A2) Rule to be configured to correctly calculate the Tax Status for Non Exception or Normal Services. Oracle Financials Release 12 Setups for 2010 EU VAT Package—Solution Based on Tax Rules My Oracle Support Doc ID 1107453.1.1 & 6. iii) Create the following Tax Status rules (Depending on their setup.2 (Please refer screenshot (D) below). ii) Specify Regime and Tax for United Kingdom and the appropriate Configuration Owner.

1 Page 12 of 22 .(B) Screenshot of rule to be configured by users who are ready to create “Service” as a Inventory Item (B1) Rule to be configured to correctly calculate the Tax Status for Exception Services. Oracle Financials Release 12 Setups for 2010 EU VAT Package—Solution Based on Tax Rules My Oracle Support Doc ID 1107453. (B2) Rule to be configured to correctly calculate the Tax Status for Non Exception or Normal Services.

User should create the setup for (zero rated) Tax Status and a default zero-rated Tax Rate under that Status. 8. In such a case. the user should have configured “Services” under Product Category (E-Business Tax –> Products –> Fiscal Classification –> Product Category). The Party Tax Profile of Customer (Bill To Party) should be updated with this Party Fiscal Classification details. For exception services. 2. they will have to create the rules given in either (A) or (B) above. 6. the user should have configured “Services” under Product Fiscal Classification (EBusiness Tax –> Products –> Fiscal Classification). rules are created based on the ‘Ship To’ country. Users who are ready to setup “Services” as an Inventory Item (Screenshot (B) above). Users have to create the setup under Party Fiscal Classification for specifying that Customer is registered in Germany. Please see screenshot (c) below. Place of supply for Normal Services is where the Customer is established. We have assumed that this would be the ‘Bill To’ Country and we created the rule accordingly. 4. Users will have to specify the Legal Establishment (Bill From Party) as Registered for the United Kingdom Regime. 5. Depending on whether the user wants to configure Service as an Inventory item or not. If the rules are created using the Expert Entry flow. As per the new provisions.Notes: 1. 3. Users should also have completed the setup for Inventory Category Set and Codes (in Inventory module) based on which Product Fiscal Classification is created in EBTax. 7. have to create a rule based on Product Fiscal Classification for identifying the Invoice line as “Intra EU Services”. (C) Screenshot of Party Fiscal Classification Details being specified in the Customers Party Tax Profile (D) Screenshot of associating Tax Reporting and Legal Justification Reporting Codes to the Rule Result Oracle Financials Release 12 Setups for 2010 EU VAT Package—Solution Based on Tax Rules My Oracle Support Doc ID 1107453.1 Page 13 of 22 . users will have to create the required Tax Determining Factor and Condition Sets. Users who do not want to setup “Service” as an Inventory Item (Screenshot (A) above) will have to create a rule based on Product Category for identifying the Invoice line as “Intra EU Services”. In such a case.

2 Setup in E-Business Tax for Payables Buyer of services (in Germany) must create a reverse charge on the Payables invoice line for such Intra EU services. specify the tax Rate percent equal to negative of the actual Tax Rate (-19% or the applicable Tax Rate). (A) Screenshot of rule to be configured by users who are ready to create ‘Service’ as an Inventory Item Oracle Financials Release 12 Setups for 2010 EU VAT Package—Solution Based on Tax Rules My Oracle Support Doc ID 1107453. Self Assessed tax can be configured to create a reverse charge on the Payables invoice line. v) When the applicable tax is calculated. vi) Alternatively. This can be achieved by calculating Offset Tax associated to the applicable German Tax or by configuring the Self Assessed Tax setup for German Tax. iii) Create the set up for associated Offset Tax. iv) For the Offset Tax Rate Code.1 Page 14 of 22 . Setup for Payables i) Configure Regime to Rate flow for the applicable tax in supplier (Germany) country (existing/updated Regime to Rate can also be used). The buyer should also ensure that the tax is calculated on the transaction as per correct Place of Supply (by configuring rules explained below). instead of Offset Tax. associated Offset Tax automatically gets calculated. ii) Specify the Tax Rate percent (19% or the applicable Tax Rate).6. vii) Create the following Place of Supply rules to calculate correct tax as per EU VAT 2010 requirements (assuming that default Place of Supply is Ship From).

1 Page 15 of 22 . Seller (in United Kingdom) must create a new template or modify the existing template in BPA as follows.(B) Screenshot of rule to be configured by users who are ready to create ‘Service’ as an Inventory item Note: 1. 2. The above rules should be created by users who are ready to create “Service” as a Inventory Item. • Legal Justification Message at the Footer region (and if required on the Lines). Users will have to create a Registration status of ‘Registered in EU (non DE) at the supplier party tax profile under Germany Regime to specify that supplier is registered in the EU.1. User will have to create set up for Tax Zone ‘Economic Regions’ specifying all the EU countries.3 (A) above). Oracle Financials Release 12 Setups for 2010 EU VAT Package—Solution Based on Tax Rules My Oracle Support Doc ID 1107453. For users who do not want to create “Service” as a Inventory Item. 3. 6. will have to replace determining factor ‘Product – inventory Linked’ with ‘Product category similar to (6. Steps for Creating Templates to print ‘Country Specific Legal Justification Messages’ and ‘Tax Invoice Date’ on Receivables Invoice: Navigate to Bill Presentment Architecture -> Template Management -> Create a new template that contains the following content (existing/upgrade template can also be modified): • Tax Invoice Date at the Header region.3 Setup in Bill Presentment Architecture (BPA) Appropriate legal justification message and tax date must be printed on Intra EU services (B2B) transactions Receivables invoice.

Screenshot of Sample Template to Print Tax Invoice Date on the Invoice Header Screenshot of Sample Template to Print Legal Justification Message on the Invoice Footer If required.1 Page 16 of 22 .1. However such rule can be defined at other levels as well. In that case. In Section 6. users can create a similar template for printing legal justification message at the line level. it is recommended that ‘Tax Status’ rule should be created. for displaying information in ESL reports and for printing the Legal Justification Message. priority will be given in the following order• • • • Direct Tax Rate Determination rule Determine Tax Rate rule Tax Rate Determine Tax Status rule Oracle Financials Release 12 Setups for 2010 EU VAT Package—Solution Based on Tax Rules My Oracle Support Doc ID 1107453.3 above.

In that case. If Services are not configured as Inventory Item.1.1 for further setup details in this area.3 (A) would get processed. and the relevant Tax Status (and the default Zero rated Tax Rate under it) would get calculated.1. Oracle Financials Release 12 Setups for 2010 EU VAT Package—Solution Based on Tax Rules My Oracle Support Doc ID 1107453. users must attach the Reporting Codes at the Tax Rate level and ensure that it is available as a Tax Classification Code on each interface item line or as a Tax Rate Code on each imported tax line. Please refer to Metalink note 974979.1 & 6. users will have to manually enter the Product Category of Exception / Normal Services (in the Additional tax Determining Factors UI) and only then rule created as per 6. Screenshot of Receivables Invoice Additional Tax Determining Factors UI for entering Product category If Services are configured as Inventory Item. If such services transactions are imported or the Tax Rates are manually entered.1 Calculate correct Tax Status/ Zero-Rated Tax Rate on Intra EU Services Invoice lines If all the pre-requisite setups mentioned in Section 6 above are completed.1.1. in addition to enabling the Reporting Type Use for Process Result (Section 6. then they should be entered on the invoice line as an Item and only then rule created as per 6.3 (B) would get processed.1 Page 17 of 22 .1. Transaction Processing in Receivables and Payables for Intra EU Services 7.7.3 would be evaluated. the Tax Status rule created in Section 6.1. then upon entering the relevant details on the Receivables invoice.1 Receivables (Order to Cash Flow) 7. users will have to enable it for Tax Rate as well.2 above).

1 Page 18 of 22 .e in the ESL report extraction parameter. Associated Offset Tax will automatically be calculated or the Tax would be flagged as self assessed. on entering the relevant details on the Payables invoice. system picks up value from that source which is selected in this parameter (refer to ESL report extraction parameter chart in Section 8 below).2 Enter Tax Date on the Intra EU Services Invoice On the Receivable invoice. users must manually enter the Tax Invoice Date by navigating to the Tax Information. Oracle Financials Release 12 Setups for 2010 EU VAT Package—Solution Based on Tax Rules My Oracle Support Doc ID 1107453. users must ensure that the relevant Tax Rate Code is available as a Tax Classification Code on each interface item line or as a Tax Rate Code on each imported tax line. However.2 above. 7. As per rule created in Section 6. If Tax Date is not provided on the invoice. there is a option called Default for Tax Date (if Null). correct ‘Place of Supply’ will get determined.7. Screenshot of Receivables Invoice Additional Tax Determining Factors UI for entering Tax Date The Tax Invoice Date is not defaulted from the Transaction Date or General Ledger (GL) date. If such services transactions are imported. then to display data on the report.2 above) is calculated on the Payables invoice lines for such Intra EU services.2 Payables (Procure to Pay Flow) Users must ensure that the applicable Tax (created in Section 6. users have an option to choose either of these dates as the Tax Date while extracting the ESL report i.1.

1. In both cases. after entering the mandatory parameters specify the Intra EU Tax Reporting Type Code and Reporting Code (3 used to denote UK-INTRA-EU-SERVICES . European Sales List (ESL) Report European Sales List (ESL) Report must show Intra EU supplies of services. the report displays only cross border Intra EU transactions. Steps for Extracting European Sales Listing Report for Intra EU Services Navigate to E-Business Tax -> Request -> European Sales Listing i) In the report selection parameter. ii) Users can also enter other Reporting Codes to include ‘Goods’ and ‘Triangulation’ transactions. either as a separate report or included with the existing ESL Goods report. Oracle will not deliver country specific electronic files. Both Reporting Code and Description are displayed as selection parameters for ESL report.8.Created in Section 6.1 Page 19 of 22 . Customized report layouts can be built using the Tax Reporting Ledger (TRL) and Business Intelligence (BI) Publisher. Note: This is a XML based report in a generalized format. which are subject to reverse charge arrangements in the customer’s Member State. users should specify Intra EU Transaction Type Reporting Code created for the ‘Intra EU Services’ as a selection parameter for the report. Lastly.1 above). to identify such services transactions. Screenshot of the ESL Report Parameters Oracle Financials Release 12 Setups for 2010 EU VAT Package—Solution Based on Tax Rules My Oracle Support Doc ID 1107453.

GB123456789 First screenshot is for Detail and second for Summary Report 01/01/2010 31/01/2010 GL Date Bill To Yes No Down 1 Intra EU Transaction Type 3 Oracle Financials Release 12 Setups for 2010 EU VAT Package—Solution Based on Tax Rules My Oracle Support Doc ID 1107453. If Nearest is selected. This is used to filter and display data related to only that registration number. Choose the site whose Country Code is to be displayed on the report when tax registration number does not have first two characters as the country code. which are created in the selected reporting period. Select end tax date for the report. Bill To and Ship To. This is the smallest unit used for the functional currency amounts. Yes and No. report generates two sections – one for summary and another for the detailed. Select the appropriate Intra EU Transaction Tax Reporting Type created in Section 6. system picks up value from that source which is selected in this parameter. It should be kept null if goods transactions are not to be included in the report. List has two values namely Yes and No. If Up is selected. then the amounts are rounded up. List contains all Reporting Codes defined under the Tax Reporting Type Code selected above. Users should specify the Reporting Code created for goods here. Select No for adjustment to be included in the regular totals. namely. The option (Show Out of Period Adjustments and Credit Memos) will be used to present Out of Period Discount in separate column/section. List contains all Reporting Codes (description) defined under the Tax Reporting Type Code selected above. Description UK Specific parameters for report output below Detail/Summary/ Both Tax Date From Tax Date To Default for Tax Date (if Null) Site Reported Show Out of Period Adjustments and Credit Memos Include Discounts Rounding Rule Minimum Accountable Unit Tax Reporting Type Reporting CodeIntra EU Goods Reporting CodeIntra EU Services Reporting CodeAdditional 1 Reporting CodeAdditional 2 List contains registration numbers for all the First Party Legal Establishments. No. but are related to transactions that are reported in a different period. Users could specify (if required) Reporting Code created for triangulation of goods or goods and services as necessary. then the amounts are rounded off to the nearest level. List contains all Reporting Codes defined under the Tax Reporting Type Code selected above.1. Select Yes to separately display adjustments. then to display data on the report. This is applicable both for summary and detail reports. List has four values. If users select Both. Users could specify (if required) Reporting Code created for triangulation of goods or goods and services as necessary. discounts are included in the report. namely. List contains all Tax Reporting Type Codes defined in E-Business Tax. If No is selected. If Tax Date is not provided on the invoice. Users can decide to produce a Detail or Summary listing. Up. Default value is set as ‘No’. Determine whether to show out of period adjustments and credit memos. List contains two values.Report Parameter Trader VAT No. Enter a minimum accountable unit. Transaction Date and GL Date. List contains two values. namely. Down and Nearest. Users should specify the Reporting Code created for services here. List contains two values. then no rounding is done.1 above. If Down is selected. Select start tax date for the report. Only if 'Yes' is specified. namely. then the amounts are rounded down. Both earned and unearned discounts will be included.1 Page 20 of 22 . List contains all Reporting Codes (description) defined under the Tax Reporting Type Code selected above. Users must ensure that tax registration number is specified for the relevant Legal Establishment before entering such transactions.

Screenshot of the Detail ESL Report Screenshot of the Summary ESL Report Oracle Financials Release 12 Setups for 2010 EU VAT Package—Solution Based on Tax Rules My Oracle Support Doc ID 1107453.1 Page 21 of 22 .

If the tax registration number specified for the site reported does not have the first two characters as country code or it does not match with the VAT member state code of the country/territory. If customers have to include Intra EU Goods transactions in the ESL report. customers will have to associate the Reporting Codes (created in Section 6. Oracle Financials Release 12 Setups for 2010 EU VAT Package—Solution Based on Tax Rules My Oracle Support Doc ID 1107453.1. then the country code of the address for the site reported (ESL report selection parameter) is printed on the report. Users will then have to specify that relevant Reporting Code in the ESL report extraction parameter (under ‘Reporting Code-Intra EU Goods’) for such transactions to appear on the ESL report. It is advised to always prefix the tax registration number with the country code.2 above) with the applicable Tax Rate or the Tax Rule by virtue of which tax is calculated on such Intra EU Goods transaction. In such a case. they can refer to this Note and create appropriate setups accordingly.1. The Setup described above is mainly for identifying transactions related to Intra EU ‘Services’ and displaying them on ESL report. then that is taken as ‘Country’.1 & 6. The value for this column is derived based on the first two characters of the tax registration number specified on the ‘Site Reported’ parameter.1 Page 22 of 22 .The report output has a column named ‘Country’. If they match the VAT member state code of the country/territory.

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