In Visma Net,
a VAT report is represented as a table.
Each row of the table holds a accumulated VAT amount or
taxable amount calculated on sales or purchases that occurred during the VAT reporting period,
or a sum or difference of these amounts.
The number of lines in a particular VAT report may vary
depending on the number of taxes you need to report.
To start the VAT report configuration process, you create the required lines in the report by
using the Report lines tab of the Reporting settings (TX205100) window, and specify the type of the amount that should be accumulated in each line
(a VAT amount or a taxable amount).
The number of the lines is prescribed by the VAT report
template from the applicable tax agency.
But you can create additional lines in the VAT report
for your personal purposes, for example, to accumulate some VAT amounts that should not be
reported to the tax agency but that supervisors want to see.
In that case, you create the line
and select the Hide report line check box for that line, so the amount
will be accumulated in that line, but the line itself will be excluded from the VAT report
during its generation.
After you have created the required lines for the VAT report, you need to create a
reporting group or multiple reporting groups by using the Reporting
groups tab.
A reporting group is a Visma Net
entity that combines one report line or multiple report lines (which you add into the group
later) and acts as a link between a particular VAT and these report lines.
Thus, the VAT amounts
and taxable amounts calculated based on this VAT in all sales or purchase documents update the
lines included in the reporting group. Later, you will specify a reporting group or multiple
reporting groups for each VAT.
A reporting group can have one of the following types:
- An Output group is specified for a VAT that must be paid to a tax agency.
- An Input group is specified for a VAT that can be claimed from a tax agency.
The type of reporting group you specify for a VAT depends on the type of the particular tax.
You specify the type of reporting group by using the VAT (TX205000) window as follows:
- For VAT, define an input reporting group for VAT amounts
calculated on purchase invoices and adjustments that should be claimed from the tax agency, and an
output reporting group for VAT amounts calculated on sales invoices and notes that
should be paid to the tax agency.
You can create multiple reporting groups of the same type and associate each tax in the system
with a particular reporting group.
Alternatively, you can create just one reporting group of
each type (one input reporting group and one output reporting group) and associate
multiple taxes with the same reporting group to accumulate the total VAT amount and total
taxable amount for a reporting period. Your selected approach depends on the requirements of the
tax agency and your needs.
Once you have configured the elements of the VAT report (the report lines and reporting
groups), you need to add report lines to each reporting group you have created, and then to
associate each VAT in the system with the appropriate reporting group, so that the taxes will be
associated with the reporting groups, which in turn are related to some report lines.
Thus, the
VAT amounts will be accumulated in the specific lines of the VAT report. Perform these
configuration tasks:
- By using the Reporting groups (TX205200) window, add the required report
lines to each reporting group.
To do this, select the tax agency account for which the VAT
report is configured and the reporting group to which you need to add the report lines.
After
that, add the appropriate lines into the group by clicking the Add row
button in the table toolbar.
Make sure you have added the correct report lines into the
particular reporting group to prevent distributing VAT amounts or taxable amounts into the
wrong lines.
- By using the VAT (TX205000) window, associate each VAT in the
system with the reporting group that contains report lines that should be updated by amounts
calculated based on this VAT.
To do this, select the VAT in the VAT ID
field, and specify the reporting group in the Reporting group column on
the VAT schedule tab.