Exact Globe

Product Updates 418, 417 and 416: Improved VAT return XML file available for year 2018 (Italian legislation)

The improved version of the VAT return XML file has been made available for year 2018. With this, the submission of the electronic VAT returns can be done with ease as the latest changes in the specifications for year 2018 are now supported in Exact Globe Next.

The enhancement that has been made is as follows:

Extra VAT data screen

In the Extra VAT data screen (accessible via Finance ➔ VAT/Statistics ➔ Value added tax, and then clicking the Extra Data button), the Method field has been added under the Extra section. The field is related to the VP13 Acconto dovuto field under the Tax section, which is used to indicate the amount of payment due. Note that by defining the value of the VP13 Acconto dovuto field, the Method field must also be defined.

The options that are available for selection at the Method field are as follows: 

• None: Select this option to indicate that the down payment is not required.
• 1: Select this option to indicate that the down payment uses the historical method.
• 2: Select this option to indicate that the down payment uses the forecast method.
• 3: Select this option to indicate that the down payment uses the analytical-effective method.
• 4: Select this option to indicate that the down payment will be based on the operation costs such as telecommunications, water, electricity, waste disposal collection, et cetera.  

The option that has been selected at the field will be reflected at the <Metodo> tag of the XML file.