Taxes
Updates and enhancements for taxes
Thanks to your feedback, we made several updates and enhancements to our existing tax features. You can review the updates to the United Kingdom and France tax solutions in the update change log. If your company operates in South Africa, you can turn offset tax credit on and off as needed. You can edit the tax solution and details in draft AP purchase invoices, and you can override tax schedules in transactions for Construction.
Tax solution updates
We responded to customer feedback with updates to our standard tax solution setups for the United Kingdom. We updated the tax submission to account for transactions that are using Reverse charge in partially exempt transactions.
You can refresh your standard tax setups with the available updates on the Tax Solutions page.
More flexibility for offset tax credits in South Africa
The Offset credits on sales and purchases for VAT reporting checkbox is available for entities in South Africa. It controls whether returns to suppliers and credits to customers are reported in the adjustment fields or as offsets in the input and output VAT fields on the VAT201 Declaration.
Previously, enabling this option was permanent. Now, users can toggle the option on or off. When you change the option status, the new behavior is applied for reports on all existing and future transactions.
Enhanced AR sales invoice printing for Canada
Our new printed AR sales invoice template for Canada lets you generate Accounts Receivable and Order Entry AR sales invoices so that they display the totals for PST and GST in the transaction currency rather than the base currency.
Edit tax information for AP purchase invoices in draft state
To help support AP Automation for companies using the Taxes application, we no longer validate tax fields while AP purchase invoices are in a draft state.
This means that you can continue to work on a bill and save your progress before you select a tax solution or provide tax details. You can also change this information before you post the AP purchase invoice. The tax solution, tax details, and the vendor are validated when you post the AP purchase invoice. Learn more about details and requirements for Accounts Payable draft AP purchase invoices.
Requirements
| Subscription |
Taxes |
|---|---|
| Regional availability |
|
| User type | Business user with admin privileges |
| Permissions |
Taxes
|
