About VAT report release

Once you prepare the VAT report in the Prepare VAT report (TX501000) window, the Process VAT report (TX502000) window automatically opens.

In the Process VAT report (TX502000) window, you can release the VAT report for the selected branch, reporting period, and tax agency by clicking Close period in the window toolbar.

When the report is released, the system closes the selected reporting period.
Depending on the settings in your system, it can also generate a purchase invoice with the VAT amount to be paid to the selected tax agency, as described below.

The VAT report cannot be released and the VAT period cannot be closed, if there is an unreleased VAT adjustment in the selected VAT period.

You can set up the system to generate a purchase invoice once the VAT report is released.
The purchase invoice will contain the total VAT amount that you must pay to the tax agency for the selected reporting period according to the released VAT report.
After the VAT report is released, the corresponding purchase invoice appears in the table on the Supplier documents tab in the Process VAT report (TX502000) window.

To set up the system to generate a purchase invoice while releasing a VAT report, in the Reporting settings (TX205100) window, you need to configure a reporting line that accumulates appropriate VAT amount, and select the Net VAT check box for that line.
Only if this check box is selected, the system will generate purchase invoices when a VAT report is released.

If you prepare and release a VAT report for a closed reporting period (that is, for a period for which the VAT report has been already released, the system will generate another purchase invoice according to this revision of the VAT report.
This purchase invoice will be listed on the Supplier documents tab in this window (in addition to the purchase invoice generated by the previous release). Each purchase invoice will contain an amount of a particular VAT report revision.