Relevant Contract Tax (RCT) report for Ireland is not included in D365 F&O Ireland localization
I have a requirement form a client to be able to run the Relevant Contract Tax (RCT) report in their Irish legal entity and they have an issue as the Irish localisation does not bring functionality related to this report.
This report is the equivalent to what the CIS (Construc...
Access Role for filing UK VAT Making Tax Digital to HMRC via Electronic Reporting
Business Scenario:
Tax filing is expected to be done by a team member within Tax or Finance Department. He/she is not expected to have any major control instead their job is only to review the tax reports and file the Tax Returns. As per D365 Finance the tax filin...
VAT group
VAT group is a group of the organizations connected base on economics, financial and management. VAT group is regulated by European Union law.
This group uses one VAT identification number for tax payment (one taxpayer).
When our Vendor/Customer belongs to VAT Group we should use 2...
Global Withholding Tax during Vendor Prepayment
During the time of Vendor Advance Payment, system does not calculate Withholding tax. Expectation from the system is to calculate withholding tax even at the time of Vendor prepayment.
India GST Tax Information to be made editable when Workflow is enabled for Purchase Order at Invoice level
PO will have multiple levels of workflow approvals . The actual HSN/SAC code may change that is filled by Purchase team and Finance team will need to change it before Invoice posting For changing it it is not possible to edit the PO again and go through workflows again referance lcs link ht...
Sales Discount & Sales Tax: How to exclude discount from calculated Sales Tax?
Customer is faced with a situation where we need to exclude the discount given to certain products from being included in the sales tax calculations. Example: - we have a product with a sale price of 1000 - the tax is 17% - we want to give the customer a 10% discount, but we have to maintain the ...
Extension Cross-Border Services Report
In Austria the cross-border services report must be created and submitted to the authorities. The report, which can currently be generated in D365, is unfortunately not the ideal solution for the legal requirements. Two adjustments could therefore improve/optimize the report. In D365 FO (stand...
[Spain] NIF with prefix results in error SII
The Spanish electronic invoice management providers want the prefix ES mandatory in the VAT number of the xml sent to them. For the management of the SII instead, the Spanish customs agency does not require the prefix in the VAT number.
By design there is only one field to manage the com...
Date of VAT Register is not fixed when the transaction is settled & paid, allowing report to be changed - Validation required
When the Date of VAT Register functionality turned on which allows user to change the date of VAT transactions already settled, without creating a contra entry to ensure the net movement is zero.
Due to this same transaction could be settled multiple times to the VAT authoriti...
INDIA GST- tax journals to affect GSTR reports
INDIA GST- tax journals to affect GSTR reports . Currently these entries posted are not reflecting in GSTR reprots. Feature needed to bring the Invoice number referance in Tax journal so that GSTR is shown correctly for adjustment made