Exact Globe+

Creating and maintaining VAT return boxes

Menu path

System ➔ General ➔ Countries ➔ Tax codes

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.

Once created, you can maintain the description of the VAT return box or link the VAT return box to other return boxes with different types.

What version are you using?

The information in this document is applicable to product update 411 and higher. If you have versions lower than this, certain features explained here will not be applicable.

How do I create VAT Boxes?

In the overview of tax codes, click New.
Click New under the VAT boxes tab. Next, click at VAT box in the VAT links screen.
In the VAT return boxes screen, click New.
Define all fields.
Click Save.

Keep in mind: All fields with the “!” icon are mandatory.

How do I edit VAT boxes?

In the VAT return boxes screen, select the VAT box you want to edit.
Click Open.
Make the necessary changes.
Click Save.
Click Close.

Fields

ISO country

This displays the country code for which the VAT return box will be created. By default, this is pre-filled with the country code of the license.

Return box

Type a unique code of up to three alphanumeric characters for the VAT return box. This is mandatory. Once saved, this cannot be edited.

Type

Select 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, or Credit note VAT to claim to define the VAT return box type that you want to create. Once saved, this cannot be edited.

General tab

Description

Type a description for the VAT return box.

Exclude from VAT return

Select this check box if you want to exclude the defined VAT return box from the VAT return amount calculation.

Excl. from total in VAT overview

Select this check box if you want to exclude the defined VAT return box from the calculation of the total amount in the VAT overview.

VAT return type

Select Services, Goods, Investments, or N/A to define the VAT return type.

Note: This is available only if you have selected VAT to pay or Purchase basis at Type and it will be enabled only after you have saved and reselected the VAT return box from the VAT return boxes screen.

VAT links tab

Depending on the option selected at Type, a list of VAT codes or return boxes will be displayed under this tab as follows:

If any of the VAT return box types is selected except for the type Total, a list of VAT codes that have been linked to the defined VAT return box will be displayed. For more information, see Creating and maintaining VAT links.

If the selected VAT return box type is Total, the return boxes of other types that have been linked to the defined Total VAT return box will be displayed under this tab. You can click New to link another return box to the Total VAT return box or click Remove to remove the selected return box from linking to the Total VAT return box.

Note: You can link other return boxes to the Total VAT return box only if you have saved the Total VAT return box defined.