Introduction

The tax authority will determine the classification of a value-added tax (VAT) declaration form. Based on this classification, VAT return boxes will be included in the form for you to fill in the tax amount.

Menu path

Go to Financial/Setup/VAT/VAT return boxes. Then, click New.

Roles & rights

To create VAT return boxes, function right 476 – Maintain VAT box is required. Users with the General Manager and Controller roles have this function right.

For more details on what you can do with function rights or levels, go to System/Setup/Security/Function rights, select the required module, and then click on the relevant ID. To find out the functions you can perform with a particular role, go to System/Setup/Security/Roles, type in the description, click Refresh and then click the required link under the Role column. 

Button

Save

Click this to save the VAT return box.

Save + New

Click this to save the VAT return box and create another VAT return box.

Close

Click this to exit.

Description

Country

The country displayed is the country selected when displaying VAT return boxes. If no country is selected, the default country is displayed. For more information, see Displaying VAT Return Boxes. However, you can click the icon and select another country if you want to create a VAT return box for a different country.

Return box/ Type

Type a VAT return box code. You can type a maximum of three alphanumeric characters for the Return box. At Type, select the type of the VAT return box. There are 10 options available which include VAT to pay, Purchase basis, VAT to claim, Extra duty to pay, Total, Sales basis, Credit note Purchase basis, Credit note Sales basis, Credit note VAT to pay, and Credit note VAT to claim.

Return box

Type a description for the new VAT return box.

Retrieve box

Select the check box if the tax on private spending must be separately declared and linked to this retrieve box.

Related document