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Where a group of related companies are registered under "Group VAT", one of the companies is registered as the "Group" company. It is from the "Group" company that the on-line VAT Returns submission must be submitted to HMRC.
At present there is no automatic mechanism to collate this data from the related companies into the Group company.
It seems rather strange, as this is a UK VAT legal requirement, that Microsoft have not and are not planning to introduce functionality to allow for the collation of this data to take place within a database.
Group VAT operates up and down the UK and affects a great number or companies.
Surely this should be addressed !
At present there is no automatic mechanism to collate this data from the related companies into the Group company.
It seems rather strange, as this is a UK VAT legal requirement, that Microsoft have not and are not planning to introduce functionality to allow for the collation of this data to take place within a database.
Group VAT operates up and down the UK and affects a great number or companies.
Surely this should be addressed !
STATUS DETAILS
Completed
Administrator
This idea is closed as duplicate of the Microsoft Idea (dynamics.com)
The VAT group reporting HMRC On-Line VAT Submission is supported.
For more information, see: https://learn.microsoft.com/en-us/dynamics365/finance/localizations/united-kingdom/emea-gbr-mtd-vat-integration-setup#vatgroup