VAT periods (TX207000)

This topic gives you information about the elements that you find in this window in Visma Net, such as fields, field values, buttons, and check boxes.

In this window, you can configure a tax year structure for each particular combination of the company (branch) and tax agency, review VAT periods and their statuses for the current and past tax years, view net VAT amounts for prepared and closed periods, and shorten the duration of a tax year.

Element Description
Actions

Provides the following menu commands:

  • Prepare VAT report
    Opens the Prepare VAT report (TX501000) window, in which you can prepare a VAT report for the selected branch and tax agency.
  • Release VAT report
    Opens the Process VAT report (TX502000) window, in which you can release a VAT report prepared for the selected branch and tax agency.
  • Reopen VAT period
    Reopens the selected VAT period. This will set the VAT period to Prepared and you can void or make adjustments to the report. The tax agency invoice previously created will not be reversed, a new invoice will be created when closing the period again unless you turn this functionality off on the tax agency temporarily. The report has to be sent to the tax authority again.
    Note: It is only possible to reopen a closed period. If the financial accounting year for the selected VAT period is closed, you cannot reopen the period and you will receive the message: The accounting year YYYY is closed for VAT period PP-YYYY. The VAT period can not be reopened.
    If you have any prepared VAT periods, you cannot reopen any periods and you receive the message: VAT period 03-2022 is prepared. The VAT period 02-2022 can not be reopened.
    If the VAT period is open, you will receive the message: Only closed VAT periods can be reopened.
Reports

Provides the following menu commands, which you can click for fast access to reports:

  • VAT summary: Navigates to the VAT summary (TX62100S) report for the selected branch, tax agency, and VAT period.
  • VAT details: Navigates to the VAT details (TX62051S) report for the selected branch, tax agency, and VAT period.

In the top part, you can select a branch, a tax agency, and various tax year settings to configure a tax year structure.

Element Description
Company The company for which VAT periods are shown in the table (in respect of the selected tax agency).
Tax agency The tax agency for which VAT periods are shown in the table (in respect of the selected branch). Select a tax agency from the list of agencies available in the system. The suggested tax agency can be defined on the VAT information tab in the Organisations (CS101500) or Branches (CS102000) windows.
Tax year

The tax year for which VAT periods are displayed in the table, which you select from the list of the years available for the selected branch and tax agency.
By default, the current tax year is selected.

If no tax years exist in the system for the selected branch and tax agency, by default, the system uses the tax year of the earliest taxable document.
If no tax year and no taxable documents exist, the system uses the year of the current business date.
Short tax year

A check box that indicates (if selected) that the tax year is short. By default, this check box is cleared.

If this check box is selected, the Delete period and Add period buttons become available in the table toolbar.
This check box is available only if all VAT periods of the tax year have the Open status.

Start date

The first day of the tax year selected in the Tax year field.

This date is available for editing only if there are no tax years in the system for the selected branch and tax agency.
Otherwise, it is an informational setting.
VAT period type

The VAT period type, which defines the VAT period duration for the selected tax year.
If you change the type of VAT period in this field and save your changes, the system updates the list of VAT periods in the table.

This setting is available for editing only if all of the periods of the selected tax year have the Open status.

If you change the VAT period type for a short tax year, the system will restore the length of the tax year to a full calendar year and will clear the Short tax year check box.
If you need to change the VAT period type when some periods have been processed, select the Change tax report type check box.
Change VAT period type

A check box which makes it possible to change the VAT period type.

If the check box is selected, the VAT period type will be available and you can change to a different type, and the VAT periods will be recalculated for the open periods.

Changing from quarterly to monthly will change all the open quarters to monthly.

Changing from monthly to quarterly will change the open months 3 by 3 so if you have closed/prepared period 04 April you will have period 05 May and 06 June then 07 as July to September and 08 as October to December.

Note: If the remaining periods are less than wanted type, you can not change the type and you will get the error Remaining open periods does not match the VAT period type. Your selected type will be deleted. If you have created the next VAT year, this will be deleted so you can create it with the new settings. You will receive the message: Because the end date of the tax year has been changed, the subsequent tax years will be deleted. Please review and modify the next tax year settings if required.
EC sales list reporting period

The EC sales list reporting period defined on the tax agency in the Suppliers (AP303000) window.

This can be changed here if a different period interval is wanted.

This table contains the list of VAT periods of the selected branch, tax agency, and tax year.

Button Description
+ (Add period)

In the table, adds a new VAT period after the last one in the table.

This button is available only if the Short tax year check box is selected in the top part of the current window.
x (Delete period)

In the table, deletes the last period of the year if its status is Open.

This button is available only if the Short tax year check box is selected in the top part of the current window.
Column Description
VAT period The number of the VAT period.
Start date The start date of the VAT period.
End date The end date of the VAT period.
Status The current status of the VAT period.
Net VAT amount The amount accumulated in the line for which the Net VAT check box is selected on the Report lines tab of the Reporting settings (TX205100) window. When you click the amount, the system navigates to the VAT report details (TX502010) window, which displays the data for the selected branch, tax agency, and VAT period.
Unreleased net VAT amount

The not prepared amount accumulated in the line for which the Net VAT check box is selected on the Report lines tab of the Reporting settings (TX205100) window.

When you click the amount, the system navigates to the Prepare VAT report (TX501000) window, where you can view the data for the selected branch, tax agency and VAT period.

Unreleased documents are not included in this amount.