(ESP) Entering Additional Tax Rate Information for Spanish VAT

Access the Tax Areas - Tag File Maintenance - ESP form.

Special Intracommunity Transactions

Select to specify that the tax rate area applies to special intracommunity transactions. The system includes special intracommunity transactions in a separate register of the Model 340 VAT report.

Note: The system enables this field only when you select the Intra-Community VAT check box on the Tax Area - EMEA - Revisions form.

Intracommunity Operation Type

Enter a value from Intra-community Operation Type (74S/OC) the UDC table to specify the operation type. The value that you enter is reported in the intracommunity transactions section of the Model 340 VAT report.

Values are:

A: Send or receipt of goods.

B: Transfer of goods and acquisition.

Note: The system enables this field only when you select the Special Intracommunity Transactions check box.

Canary Islands

Select to specify that the tax rate area identifies transactions in the Canary Islands.

Fixed Assets

Select to specify that the tax rate area is utilized to identify fixed asset transactions subject to proportionately determined VAT (prorata VAT).

Note: The Model 340 - Generate VAT Tape File program (R74S340) does not process fixed asset transactions subject to prorata VAT. You use this field only to identify assets that are subject to prorata VAT.