Understanding the VAT on Receipts and Payments Reports

The VAT on Receipts and Payments (R74F100) program enables you to produce VAT reports for multiple companies and provides correct and complete information required for the CA3 forms for VAT declared on receipts and payments. VAT is only reported when the voucher or invoice is paid.

However, based on the processing option setting, you can also run this report for a specific country. In that case, the report displays the address book details of the company set up for that country.

In France, the taxpayer is liable for collected VAT and deductible VAT. You must report VAT to the tax authorities. VAT returns must be completed monthly on a special form, and filed with the local tax office between the 15th and 24th day of the following month.

The reports provide the information that you need to complete official tax declaration forms and reconcile the VAT accounts. You can use information from VAT reports to differentiate between transactions that are subject to the ordinary VAT regime, and transactions that are subject to the VAT Collected on Receipts and VAT Payable on Payments regimes.

You can print the report for receipts or payments in either summary or detail format. The summary format prints:

• Tax rate/area code and description.

• Item VAT code.

• Total taxable amount to be reported.

• Total VAT to be reported.

The detail format includes all the information in the summary format, in addition to:

• Final or proof mode.

• Tax rule flag.

• Address number.

• Tax explanation code.

• Document type and number.

• Pay item.

• Service/tax date.

• Tax, taxable, and gross amounts.

• VAT adjustments from discounts and write-offs.

• Receipt/payment amount.

• VAT and taxable amount.

(Release 9.2 Update) You can reprint the processed transactions by entering Y in the Reprint processing option of the R74F100 program