Unable To Meet S43 2(a) Tax Calculation And Reporting Requirements (Doc ID 2208814.1)

Last updated on NOVEMBER 29, 2016

Applies to:

Oracle Fusion Tax Cloud Service - Version 11.1.11.1.0 and later
Information in this document applies to any platform.

Goal

Under s43(2A) of the UK VAT Act, a supply within a VAT group is no longer considered outside the scope of VAT when supplied by a non-UK-based VAT group member to a UK-based VAT group member where:

(i) the overseas member has procured taxable services from third party suppliers ("bought-in services") which it then uses to make the onward intra-VAT group supply, and
(ii) that intra-VAT group supply would otherwise be a taxable supply in the UK.


Need Enhancement:
Need to be able to apply two tax codes on a reduced taxable basis to a given line (e.g. 70% is outside the scope, 30% is reverse charge), and reflect the reduced taxable basis in the VAT report.
 

Solution

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