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30.097.245 - Product Updates 422, 421, and 420: SEPA PAIN format supported for Great Britain

Some changes have been made in Exact Globe Next to ensurethat the information for the branch code and account number for the creditorsis reflected correctly in the XML file.This enhancement is applica...

30.005.651 - Product Updates 422, 421, and 420: Changes to UK VAT return 2021 (UK legislation)

By Khairunnisa Binti Rosli

Effective April 8, 2021, the descriptions for some VAT boxeswill be changed for the VAT return form. This enhancement is implemented tosupport the transition period of Northern Ireland’s dual position...

29.519.439 - Product Updates 420 and 419: VAT return for group companies supported (UK legislation)

By Khairunnisa Binti Rosli

The submission of the VAT return reports for group companiesis now supported in Exact Globe Next. This functionality will facilitate theconsolidation of the VAT return reports for the return periods f...

29.468.023 - Product Updates 420 and 419: Fraud prevention headers improved for MTD (UK legislation)

By Khairunnisa Binti Rosli

The specification for the fraud prevention header has beenimproved to comply with the latest UK fraud prevention policy.The improvements that have been made to the headers are asfollows: ...

29.212.701 - Product Updates 419, 418, and 417: VAT return reports with nil value supported for Making Tax Digital (MTD) functionality (UK legislation)

By Khairunnisa Binti Rosli

In this product update, the VAT return reports with the nil value can be processed via the Making Tax Digital (MTD) functionality in Exact Globe Next.To generate a VAT return report with a nil value, ...

29.185.217 - Product Updates 419, 418, and 417: Error messages related to HMRC IRmark disabled in Exact Globe Next (UK legislation)

By Khairunnisa Binti Rosli

To ease the VAT return submission via the Making Tax Digital(MTD) functionality in Exact Globe Next, the error messages related to theIRmark software application will no longer be displayed. This chan...

29.004.861 - Product Updates 419, 418, 417, and 416: Deletion of final VAT returns introduced (UK legislation)

By Khairunnisa Binti Rosli

The VAT returns that have been finalized,but not yet submitted, can now be deleted. This enhancement is not applicable for the final VAT returns that have the linked final EU sales list. It is also no...

28.932.004 - Product Updates 418, 417, and 416: Making Tax Digital (MTD) supported for VAT return submission (UK legislation)

By Khairunnisa Binti Rosli

From April 1, 2019 onwards, the Making TaxDigital (MTD) initiative has been made mandatory. With this, all VAT-registeredbusinesses with a taxable turnover above the VAT threshold are now required tos...

28.672.617 - Product Updates 417, 416 and 415: Enhancements introduced to support online submission of VAT returns (British legislation)

By Wai Ting Yong

Since April 2010, all UK businesses have had to submit their VAT returns online and tosupport our customers, we introduced the online support of VAT returns. For more information, see Online VAT retur...

28.241.162 - Product Update 416: New options introduced to ease the searching of INTRASTAT transactions (EU legislation)

By Wai Ting Yong

To ease the search of INTRASTAT transactions at Invoice ? Statistics ? Intrastat, theImport and Export options have been introduced. These options areonly applicable to the EU legislation.The option s...

26.781.969 - Product Update 411: Multiple VAT registration numbers supported for EU sales list report

By Hung Hui Lan

In the European Union (EU), VAT-registered businesses are obligated to supply their tax authorities with an EU sales list, which reports on the supply of goods and services to other VAT-registered cus...

25.757.044 - Product Update 407: Net mass displays round off value for Intrastat (British legislation)

By Hung Hui Lan

The net mass (weight) has been set to display the round off value in the Intrastat reports instead of the decimal value in the previous updates prior to product update 407. If the net mass value is le...

24.325.571 - Product Update 406: SEPA Credit Transfer and Direct Debit formats introduced to several countries

By Jo-Anna Goh Li Ping

In this product update, the SEPA PAIN format for SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) has been introduced to various countries. SEPA Credit Transfer (SCT)The SEPA PAIN format PAIN.00...

23.359.802 - Product Update 404: New screen for INTRASTAT reports (British legislation)

By Jo-Anna Goh Li Ping

From 1 April 2012, Intrastat submissions in the United Kingdom must be submitted online. The INTRASTAT data screen (go to Invoice à Statistics à Intrastat, and then click Start) has been created. This...

22.337.608 - Product Update 402: Change in system generated payment reference

By Sumathi K. Karalasingam

A payment reference is used to identify a specific payment and is also used for reference in the export or import of bank files in electronic banking.In the Process screen at Cash flow à Payments à Pr...