As of 1 January 2010, fundamental changes to the current value-added tax (VAT) accounting and reporting processes must take place. These significant changes include rules on place of supply of services to businesses (B2B) and consumers (B2C).
When you are VAT-liable and have business with other VAT-liable companies within the EU, you have to register your activities and report them according to the rules of 2010. There are two systems, which are Intrastat and European Community (EC) Sales List. For the Intrastat, there are no changes. As for the EC Sales List, the listing of delivery of goods will be replaced by the listing of delivery of goods and services. As of 2010, this list will not be used to report goods but also to report services delivered to customers within other EU countries.
In the case of cross-border delivery services, you will have to list these services on the EC Sales List if the location of your customer is in another European country other than your own.
Changes are made to the functionality of VAT codes, item maintenance, EU sales list, and VAT return to ensure that as of 1 January 2010, you are able to register and report the VAT data according to the rules for 2010. Therefore, you are required to:
The following changes are implemented for Austrian, Belgian, Czech, Slovak, Danish, German, French, Greek, Hungarian, Irish, Italian, Luxembourger, Dutch, Polish, Portuguese, Romanian, Spanish, Swedish, British, and International legislations and applicable when Use tax module in General ledger settings is disabled and if SE1100 – E-Invoice is included in the license:
Value chosen in the Type field
The following options in the Period field
Generates the following Return period
Yearly
Full year
JJ040
Monthly
January
JJ101
February
JJ102
March
JJ103
April
JJ204
May
JJ205
June
JJ206
July
JJ307
August
JJ308
September
JJ309
October
JJ410
November
JJ411
December
JJ412
Bi-monthly
January/February
JJ113
April/May
JJ214
July/August
JJ315
October/November
JJ416
Quarterly
1st quarter
JJ100
2nd quarter
JJ200
3rd quarter
JJ300
4th quarter
JJ400
Note: JJ represents the last two digits of the year.
The changes described under this section is applicable to the Dutch legislation but can be viewed by Danish, French, Greek, Hungarian, Irish, Italian, Polish, Portuguese, Romanian, Slovak, Spanish, Swedish, and International legislations.
In compliance to the new requirements, additional changes are required for Belgian legislation. For more information, see Product Update 395/396: New Value-Added Tax (VAT) Rules (Belgian Legislation).
You may update your debtor accounts by defining the VAT code to be used for services and classifying your items as goods or services. This is to facilitate future enhancement to automatically filling in the default VAT code based on the item classification and VAT code defined in the account, in the entry process.