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When your business is working in an international environment within the EU, you may receive invoices which charge VAT from another EU Member State than your country of establishment.
This VAT can reclaimed under the EU VAT 8th directive from the tax authority of the other EU member state.
Currently it's very difficult for us to keep the overview and to reconcile the VAT amounts with incoming VAT refunds, in particular when you have outstanding refunds to multiple EU countries.
In D365 unfortunately there is no functionality to cover this special treatment of cross-border VAT in the EU.
So we use the standard Sales tax setup which is not sufficient to us.
we suggest to create some extra functionality and reporting on this.
Any suggestions:
- marking EU VAT amounts with VAT refunds for settlement ?
- a special tax report that show all EU VAT transactions based on a parameter on the sales tax code setup
This VAT can reclaimed under the EU VAT 8th directive from the tax authority of the other EU member state.
Currently it's very difficult for us to keep the overview and to reconcile the VAT amounts with incoming VAT refunds, in particular when you have outstanding refunds to multiple EU countries.
In D365 unfortunately there is no functionality to cover this special treatment of cross-border VAT in the EU.
So we use the standard Sales tax setup which is not sufficient to us.
we suggest to create some extra functionality and reporting on this.
Any suggestions:
- marking EU VAT amounts with VAT refunds for settlement ?
- a special tax report that show all EU VAT transactions based on a parameter on the sales tax code setup
STATUS DETAILS
Needs Votes