Product Update 403: Online VAT returns supported (Irish legislation)

In this product update, to better facilitate the submission of VAT returns, users can generate XML files for online VAT returns. With this enhancement, it is now possible to report consolidated VAT returns electronically solely in Exact Globe. For more information on electronic VAT returns for Ireland, see http://www.revenue.ie/en/index.html.

You can define a directory path for saving the VAT XML files upon generation. The XML file is generated at the point when the final VAT return is printed. For trial returns, the XML file can also be generated upon printing the trial VAT returns.

Menu paths

This enhancement is applicable to the following menu paths:

• Finance à VAT/Statistics à Value added tax
• Finance à VAT/Statistics à VAT overview

Value added tax screen

• A new section, XML, has been added to the VAT added tax screen. You can define a directory where the generated XML file will reside at Directory under the XML section. If no directory is defined, then the XML file will not be generated.

• When Final is selected at Type under the Return section in the Value added tax screen, and when you click Print at the Report screen, the XML file is generated and it will reside at the directory defined at Directory under the XML section in the Value added tax screen. The following message is displayed to indicate that the XML file has been generated.

• When Final is selected at Type under the Return section in the Value added tax screen, the XML file generated can also be retrieved at CRM à Entries à Documents, when Miscellaneous is selected at Type in the Documents overview screen.
• When Trial is selected at Type under the Return section in the Value added tax screen, the system will automatically save a copy of the XML file generated at the directory defined at Directory under the XML section in the Value added tax screen.

XML file generated

• The following is a sample of the trial and final VAT XML file: