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How to Setup and Troubleshoot VAT Taxes in Europe (EBTAX) (Doc ID 1464375.1)

Last updated on JUNE 12, 2024

Applies to:

Oracle E-Business Tax - Version 12.0.1 to 12.1.3 [Release 12.0 to 12.1]
Oracle E-Business Tax - Version 12.0.0 to 12.1.2 [Release 12.0 to 12.1]
Information in this document applies to any platform.

Goal

How to Setup VAT Taxes in Europe? In this document, we will see how we can setup VAT Taxes in Europe. This note has been created by assuming simple rules, please use your own business requirements when creating Tax Rules.
Please review the information Center for other EBTax articles. E-Business Tax (EBTax) Information Center > Note 1383309.1

What steps are required to setup VAT Taxes in Europe? We will take a look on the setup of VAT Taxes for Country United Kingdom.

Solution

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In this Document
Goal
 How to Setup VAT Taxes in Europe? In this document, we will see how we can setup VAT Taxes in Europe. This note has been created by assuming simple rules, please use your own business requirements when creating Tax Rules.
 Please review the information Center for other EBTax articles. E-Business Tax (EBTax) Information Center > Note 1383309.1
Solution
 1.  What is VAT Tax?
 2.  How do I setup Tax Configuration for United Kingdom?
     a) Create Regime to Rate flow
      b) Create Tax Rates
      c) Create Tax Zone/Tax Determining Factor Sets / Tax Condition Sets
      d) Create Tax Rules
      e) Enter an AP Invoice to test
 3. Critical Patching Recommendation
References

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