Deferred Tax - Application Of Credit Memo Problem

(Doc ID 357685.1)

Last updated on OCTOBER 02, 2017

Applies to:

Oracle Receivables - Version 10.7 to 11.5.10.0 [Release 10.7 to 11.5.10]
Oracle Receivables - Version 12.2.5 to 12.2.5 [Release 12.2]
Information in this document applies to any platform.
ARXRWMAI - Credit Memo Application

Goal

When we apply a receipt or adjust an invoice with deferred tax, tax moves from Interim Tax Account to the Tax Account.
However, when a credit memo is applied to the invoice, such a transfer does not take place.
This is leaving a considerable amount in the Interim Tax account causing serious problems in VAT reporting.

How could this be handled?

Solution

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