axis diplomat 2020 Modules

Multiple VAT Registrations

 View PDF

The document below is not the latest version. To see the latest version, please click here.

Overview

Manage VAT for businesses registered in multiple EC countries.

With the increase in cross-border retail sales (sometimes referred to as Distance Sales), typically driven by successful eCommerce websites, many businesses now find that they must be registered for VAT in a number of European countries.

Businesses selling goods to consumers in individual EC countries where the value of those sales exceed the VAT registration thresholds for those countries must be registered for VAT in those countries.

This module provides the functionality to handle those multiple VAT registrations across multiple countries.

Record Details of Each VAT Registration

The system allows you to record the details of each of your VAT registrations, as well as the differing VAT Rates that apply to that registration.

This example illustrates the Multiple VAT Registrations for a company primarily registered for VAT in the UK with additional registrations in France and Italy.

It also shows the maintenance of the list of VAT rates for each country.

Generally, VAT rates for the default VAT registration will be applied to all sales unless the customer is a consumer and the Country Code of the customer's delivery address matches a different active VAT registration, in which case the VAT rates for that VAT registration will be used.

In the example shown here, distance sales to EC member states other than France or Italy will be subject to VAT using the UK VAT Registration but any sales being delivered to France or Italy will use those respective VAT registrations.

 

   

 

VAT Groups

This module also introduces the concept of VAT Groups. VAT Groups are used to control the VAT rates applied to individual stock items instead of taking the VAT rate from the Sales Group.

VAT Groups are required because a product may have different VAT status in different countries - for example, books are zero-rated in the UK but may be standard-rated in some other countries and reduced rate in others.

This illustration, for example, shows the creation of a VAT Group called "Gardening Books" - items in this VAT Group are then charged at 0% except in France (where they are charged at 20%) and Italy (where they are charged at 22%).

Individual stock items are then assigned to the appropriate VAT Group to ensure that the correct VAT rate is applied for sales under each registration:

   

 

 View PDF

Call Back
This site uses cookies. By continuing to access this site you are accepting the use of cookies by this site.
Read more about cookies...
OK

Cookies are small text files stored on your device when you access most websites on the internet.

This Website uses cookies in order to make the Website easier to use, to support the provision of information and functionality to you, as well as to provide us with information about how the Website is used so that we can make sure it is as up to date, relevant and error free as far as we can. Further information about the types of cookies that are used on this Website is set out in the box below.

By using this Website you agree to our use of cookies. You can choose to restrict or block cookies set on the Website through your browser settings at any time. For more information about how to do this, and about cookies in general, you can visit www.allaboutcookies.org. Please note that certain cookies may be set as soon as you visit the Website, but you can remove them using your browser settings.

However, please be aware that restricting or blocking cookies set on the Website may impact the functionality or performance of the Website, or prevent you from using certain services provided through the Website. It will also affect our ability to update the Website to cater for user preferences and improve performance.

We don’t sell the information collected by cookies, nor do we disclose the information to third parties, except where required by law (for example to law enforcement agencies).

We may sometimes embed content from 3rd party websites such as YouTube. As a result, when you visit a page containing such content, you may be presented with cookies from these websites. We do not control the dissemination of these cookies and you should check the relevant third party's website for more information.

Cookies We Use

Cookie Description
CookieConfirm The presence of this cookie is used to remember the fact that you have confirmed that you are happy to accept cookies
ASPSESSIONIDxxxxxxxx This is a Session Cookie (session cookies are temporary and are erased when you close your browser). It identifies you from one page to the next and is used, for example, to keep track of your logged-in status.
UserID, account, password These cookies are used to remember your login credentials for when you next visit our website. They are only created if you choose the “Remember Me” option on the login page.
_utma, _utmb, _utmc, _utmz These are cookies created by Google Analytics and are used to provide us information on which web pages are the most popular, and the most popular search terms used by visitors arriving at our site.