French Deductible VAT Declaration Report is Splitting VAT Claim For Pre-payment in Previous Months (Doc ID 2043786.1)

Last updated on SEPTEMBER 23, 2015

Applies to:

Oracle Financials for EMEA - Version 12.1.3 and later
Information in this document applies to any platform.

Goal

Oracle Financials for Europe- French localization -> French Deductible VAT Declaration Report.

The French Deductible VAT Declaration Report is splitting VAT claim for prepayment in previous months.

For cases like the following:

1.Created, accounted a prepayment invoice and paid it also fully in Feb-15.
The prepayment invoice does not have taxes on it. Prepayment amount = 1000
2. Created and accounted regular invoice also in Feb-15 and applied the prepayment available.
The Invoice sub-type selected for the regular invoice - 'Deduction Tax Rule/CRE'.
Invoice has :
one manual line, amount = 1000
and
one tax line , amount = 100
3.In the next period MAR-15, the rest of amount was paid (tax amount of 100)

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Due to this, in French Deductible VAT Declaration Report, the VAT claim for the invoice is split into two months - one for the prepayment application and the other for the balance payment.

It was expected that in first period, the recoverable tax amount field on the report should appear with amount = 0, as only the prepayment was paid (and as per country regulations, prepayment cannot carry taxes), and in the second period, the recoverable tax amount field should contain the total recoverable tax amount paid for the invoice.




Solution

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