VAT Settlement Entries Sub-Tab

This section includes the fields and descriptions for the VAT Settlement Entries sub-tab.

Field	Description
Tax Reporting Unit	If the current entry is currently included in a tax settlement (approved or non-approved), this field shows the number of the tax reporting unit to which the settlement in question pertains. The field “Tax Settlement No.” below shows whether the entry is included in a settlement.
Tax Settlement No.	If the current entry is currently included in a tax settlement (approved or non-approved), this field shows the number of the settlement in question. If the entry ceases to be included in this settlement as a result of a recalculation of the settlement, this field is updated accordingly.
Tax Settlement Type	This shows the type of account used. This field displays one of the types listed below. For a detailed description of each tax settlement type, please refer to the descriptions of the G/L Tax Codes, Tax Codes, and Tax Reporting Unit Selection workspaces. Tax Receivable — The line shows tax amounts registered on the accounts referred to by the dimension combination specified for tax receivable in the G/L Tax Codes, Tax Codes, and Tax reporting Units workspaces. Tax Payable — The line shows tax amounts registered on the accounts referred to by the dimension combination specified for tax payable in the G/L Tax Codes and Tax Codes workspaces. EU Acquisition Tax — The line shows tax amounts registered on the accounts referred to by the dimension combination specified for acquisition tax in the G/L Tax Codes workspace. Investment Tax — The line shows tax amounts registered on the accounts referred to by the dimension combination specified for acquisition tax in the G/L Tax Codes workspace. Basis high investment Tax — The line shows amounts that form the basis for calculation of high investment tax. The line there for shows amounts registered on accounts used for investment tax basis in B/L tax codes in which the investment tax is zero. These accounts are referred to by the dimension combination specified for each C/L tax code. Sales Tax — The line shows tax amounts registered on the accounts referred to by the dimension combination specified for sales tax in the Tax Codes workspace. Tax — The line shows amounts registered on the account of a given tax type. The field “Tax Type” on the current line shows the relevant tax type. You can assign an account to a specific tax type in the Tax Reporting Units workspace by specifying a dimensions combination. Ratio Tax — The line shows amounts registered on the accounts referred to by the dimension combination specified for the ratio tax in the G/L Tax Codes workspace.
Tax Code	This field shows a tax code for the entry on the current line if the line represents a G/L entry.
Tax Rate	This field shows the tax rate for the current tax code.
Tax Account	This is the account to which tax has been entered, if applicable. If ratio tax applies to the current entry, the account number for the ratio tax account is shown. If both regular tax and ratio tax apply, both account numbers are shown, separated by a comma. Ratio tax is mainly used by governmental units.
Tax Settlement Company	This field shows the company number of the tax settlement company, if the current entry is currently included in a tax settlement (approved or non-approved).
Original Currency	This field shows the original currency of the entry, typically the currency of the invoice or vendor invoice.
Debit Tax, Currency	This shows the tax on the entry, if the entry is a debit entry subject to tax, in the company’s currency. Note that tax amount and tax account can only be registered to the account if the tax is calculated from a tax code in the general journal.
Credit Tax, Currency	This shows the tax on the entry, if the entry is a credit entry subject to tax, in the company’s currency.
Base Currency	This field shows the company currency.
Debit Tax, Base	This shows the tax on the entry, if the entry is a debit entry subject to tax, in the company’s base currency.
Credit Tax, Base	This shows the tax on the entry, if the entry is a credit entry subject to tax, in the company’s base currency. Debit Tax, Enterprise This field shows the tax on the entry in the enterprise currency of the entry.
Credit Tax, Enterprise	This field shows the tax on the entry in the enterprise currency of the entry.
Popup 1-10	Select various information about the tax rates. These are pop-up fields, which means that you can choose from the options created for each field. They are created as Tax Popup 1-10 in the Popup Fields workspace. This information is transferred to tax settlement entries so that the tax reports can be grouped by the new tax type fields.