Overview

This document is a quick reference guide how to work with Tax Group Codes.  

How to find

Tax group code setup is available from navigation in Departments -> Sales & Marketing -> Administration -> Order Processing -> Setup.

Open

In the VAT Statement Templates, you can also find new field “Tax Group Code”.

Open

Tax Group code is also available in Sales Invoice lines, Sales Credit Memo lines, Posted Sales Invoice lines, Posted Sales Credit Memo lines, General Journal lines, VAT Entries lines, General Ledger Entries lines.

How to proceed

Sales, purchase documents and journals vs. TAX Group Code

User is able to select Tax Group Code as a lookup to the new page in unposted documents and in the journal. For the sake of clarity, only the sales invoice is shown.

After the document/journal is posted. The Tax Group Code is transferred to the entry tables.

VAT statement and TAX Goup Code

For showing how to work with VAT statements, one Sales Invoice has been posted. Posting date 12/07/2018, VAT Bus. Posting Group LOCAL, VAT Product Posting Group VAT18, TAX Group Code GROUP2, base €100, tax amount €18. To see this group independently in VAT statement line, row no. B150 has been prepared, as you can see below.

After previewing the VAT Statement, you can find a Row No. B150 with amount €-18 shown.

You can verify the correctness of the calculation by clicking on three dots and displaying an advanced filter. Because in period from 12/01/2018 to 12/07/2018 there is only one VAT entry with LOCAL, VAT18, GROUP2, only our test line will appear.