Nature of Transaction - EU (74/NT)
Use Nature of Transaction (74/NT) to set up nature of transaction codes specifically for EU reporting.
Set up UDC table 74/NT following these steps:
Use the Codes field to enter a concatenated value to identify the nature of transaction.
Concatenate these values in sequence without any separators, such as commas or spaces: Company Number, Order Document Type, and Line Type.
Enter the nature of transaction code in the Description 02 field.
Enter the nature of the VAT regime (statistical procedure) in the Special Handling field, if required.
This table shows examples of nature of transaction codes:
Codes |
Description 01 |
Description 02 |
|---|---|---|
00100XIS |
Export to Customer |
16 |
00100COC |
Credit to Customer |
16 |
00100SOS |
Stock Inv Item |
10 |
00100X2S |
Transfer from Branch |
10 |
00200SOS |
Stock Inv Item |
11 |
00200X1S |
Export to Customer |
16 |
00200X2S |
Transfer from Branch |
11 |
When you update the Intrastat Revision table, you use a processing option to specify the UDC table that you want the system to use to find the applicable information.