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  • 1.  VAT Reporting - Tax periods

    Posted Dec 13, 2016 04:08 AM

    Wondered whether anyone could share any thoughts or experiences on VAT Reporting. 

    We are a new user of AX so limited knowledge.. additionally we are a user of Dynamics 365 so even more limited knowledge. 

    Our challenge is around the use of tax codes within the VAT report for the UK.  We share our tax codes across three entities (ie we have one UKSTD 20% code).  Two of these entities have the same VAT report periods one has a slightly different quarterly date range. 

    Upon review it would appear that we shouldn't share the tax codes for the entity with the different reporting period.  As the each of the transactions is stamped with the VAT reporting settlement period. 

    Is that correct, or is there a workaround for this?

    Many thanks in advance.

    Lindsay Barthram
    Fieldfisher LLP

  • 2.  RE: VAT Reporting - Tax periods

    Posted Dec 21, 2016 01:21 PM

    I am not sure I fully understand the question, as I am not clear of what you mean by "sharing VAT code"

    Typically, different legal entities are set up in AX as different "companies". , As such, if they have different settlement periods (quarterly vs. monthly), you would simply set the VAT code in each company with a different settlement period.

    Are you saying that you are planning to run multiple legal entities in a single Dynamics AX "company"?

    Are you saying that each legal entity is run in a separate "company", however you are sharing the VAT code table across entities, and as such unable to select different settlement period, in each company?

    Zvika Rimalt
    Business Analyst
    Vancouver BC Canada

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