Defaults

1. Enter a value to update all records written during this execution for VAT Regime.

Specify whether the system updates all records for VAT Regime written during this execution. Alternatively, enter a UDC table that contains the value to be used in the following processing options.

1. System Code and User-Defined Codes

Specify the system code or the user-defined code for the UDC table that contains the Nature of Transaction. If no values are entered in these processing options, the system uses UDC table 74/NT.

2. Enter a value to indicate if the Statistical Value Calculation is required.

Specify whether the statistical value calculation is required. Values are:

Blank: Not Required

1: Required

3. Enter the constant value per Kg to be used for Statistical Value Calculation.

Specify the constant value per kilogram to use for the statistical value calculation. (Statistical Amount = Constant * Net Mass in KG + Taxable Amount).

3. To use the percentage method, enter the percentage to be used. (for example, 105 = 105% of actual value).

Specify the percentage to use for the percentage method. For example, 105 = 105 percent of actual value. If no values are entered for these options, the statistical value will be equal to the actual value.

(FRA) In France, this is the nominal costs covering the transport and insurance costs of a shipment to the exit point of the country. Traditionally, the statistical value is a fixed cost per order or a percentage of the order amount. This value is commonly required for VAT reporting in France.

Countries other than France might use a statistical value and might define it differently. For European Union tax reporting purposes, the user supplies this data. You can update the value by using the Intrastat Workfile Revision program (P0018T).