This section includes the fields and descriptions for the Tax Reporting Units tab.
Reporting Unit Island
| Field | Description |
|---|
| Name
|
In this field, you enter the name of the current tax reporting unit.
|
| Reg. No.
|
In this field, you enter the registration number of the current tax reporting unit.
|
| Tax Date
|
In some countries, legal requirements demand that the entry date of each registration is what determines the tax settlement period in which the entry belongs, while in other countries, the period is determined by the invoice date of the registration. In this field, you can specify for the current tax reporting unit which of the two methods should apply to companies belonging to the reporting unit.
Each G/L entry contains a field called “Tax Date” to which either the entry date or the invoice date of the registration depending on the value in this field on the tax reporting unit assigned to the company which the entry concerns is automatically transferred when the entry is posted. When you create tax settlements in the window Tax Settlement, Maconomy uses the tax date registered on each individual G/L entry to determine whether the entry is covered by the period for which settlement is carried out.
|
| Currency
|
A company (in the EU) should paid taxes in a foreign country (also in the EU) if the company has a lot of sales in that company. The tax settlement should in this case be made in the foreign currency instead of the currency of the selling company. This field can be sued to set the currency that the VAT settlement will be made in. If not set, the currency of the company will be used.
|
| Tax Type, EU Acquisition Tax
|
In this field, you can specify the tax type under which EU acquisition tax should be reported in tax settlement printouts for the current tax reporting unit.
|
| Tax Settlement by Tax Type
|
In this field, you can specify whether tax reporting for the current tax reporting unit should be made by tax type rather than a combination of tax settlement type, tax type, nature of tax, and tax type.
If you do not mark this field, tax settlement printouts will show a line for each combination of tax settlement type, tax type, nature of tax, and tax type. If you mark the field, a line is shown for each tax type, however only including tax types for which the field “Include on Printout” is marked in the Popup Fields workspace.
If you mark the field, the Tax Reporting workspace will not show lines for which no tax type has been specified.
|
Posting References Island
| Field | Description |
|---|
| Settlement
|
In this field, you can specify the number of a dimension combination which contains the account number and any other dimensions that you wish to apply to the posting of amounts pertaining to tax settlement. If no value is specified for a dimension in the dimension combination, the value specified on the entry line which causes the posting is used.
|
| Investment Tax, Basis, Offset
|
In this field, you can specify the number of a dimension combination which contains the account number and any other dimensions that you wish to apply to the posting of amounts pertaining to the basis of Norwegian investment tax. The field is only used in Norway. If no value is specified for a dimension in the dimension combination, the value specified on the entry line which causes the posting is used.
|
Access Level Island
| Field | Description |
|---|
| Access Level
|
In this field, you can specify a description and name for an access level for the current tax reporting unit. In this window, you can only see and edit a tax reporting unit if you have been assigned to this or a higher access level in the User Access Levels workspace in the Set-Up module. Please note that this access control only applies if the standard access control configuration has not been changed in your Maconomy system. If it has, the access to tax reporting units may depend on other factors. For further information about the standard access control configuration, please see “Introduction to the Access Control System” in the SetUp module.
If you do not specify an access level, all users will have access to see information about the current tax reporting unit.
|
Period Island
| Field | Description |
|---|
| Mth/Yr
|
In these fields you enter the starting month/starting year and the ending month/ending year of the period for which you want to print tax reporting units. Enter the month as a number.
If your company uses flexible periods that do not follow the calendar year, the month and year you enter here refers to the period defined in the Fiscal Year workspace.
|
Address Island
| Field | Description |
|---|
| Address
|
In these fields, you enter the address of the tax authority to which tax settlements from the current tax reporting unit are to be sent. The address appears on tax settlements printed on the basis of the current tax reporting unit in the window Tax Settlement.
|
User Island
See the chapter “Getting Started” for a description of the fields in the User island.
