EAP: VAT Is Not Calculating For Adjustment Voucher Based On Original Voucher (Doc ID 2015639.1)

Last updated on MARCH 09, 2017

Applies to:

PeopleSoft Enterprise FIN Payables - Version 9.1 and later
Information in this document applies to any platform.

Goal

Per UK VAT requirement, business team is expecting to calculate VAT Non-Recoverable for adjustment voucher based on what original VAT rate which applied in original voucher, not based on apportionment configuration VAT percentage because there might be some change in the VAT Apportionment percentage page. For example if voucher got created with VAT rate of 71.90/28.10 and later user needs to reverse out that original voucher by creating adjustment voucher but the adjustment voucher is not taking VAT rate of original voucher when it got changed in the configuration to 30.34/69.99. Due to this, the transaction is not offset properly and there is a reconciliation break for that transaction.
 

Solution

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