EBI 9.2: How To Handle VAT Calculation Changes for UK After Brexit
(Doc ID 2744167.1)
Last updated on JANUARY 15, 2021
Applies to:PeopleSoft Enterprise SCM Billing - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
For the services rendered OR Goods sale to companies where the registered country is within EU but outside of the UK, they will no longer be charged UK VAT. This is effective from 1st Jan 2021. This is regardless of whether there is a VAT number supplied by the customer or not.
Current system behaviour is if the goods sale is within EU countries and the VAT registration number is defined system applies 0% VAT but if the VAT registration number is not defined it applies the VAT and treatment is EU distance Good Sales.
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