1. Localizations for Italy Implementation Guide
  2. Document Type - Annual Report (74Y/DT)

Document Type - Annual Report (74Y/DT)

Set up this UDC table with the document types that you use for invoices, voucher, credit notes, and debit notes. The system uses this UDC table to determine whether to:

  • Classify the transaction as a business-to-business (B2B) or business-to-consumer (B2C) transaction with an invoice.

  • Classify the transaction as a B2C transaction without an invoice. (ticket)

  • Classify the transaction as an adjustment.

  • Exclude the transaction from the Multi-Purpose VAT Communication report (R74Y060).

The Italian Tax Authority species a threshold amount for transactions. You use processing options in the Multi-Purpose VAT Communication program to specify the threshold amount for B2C transactions with an invoice and those without an invoice. When you run the Multi-Purpose VAT Communication program, the system uses the values in the Special Handling Code field of the 74Y/DT UDC to determine which threshold amount to compare the transactions against, and whether the transaction is the original document or an adjustment.

Note: Verify that the values that you set up in the Special Handling Code field correspond to the requirements of the current version of the Yearly List (Spesometro). The manner in which the JD Edward EnterpriseOne system must accumulate transaction amounts or classify transactions can change if the government regulations change. For example, the reporting requirements beginning in October 2013 are different from the requirement prior to October 2013.

This list shows the Special Handling Code values that the system uses for the Multi-Purpose VAT Communication report:

  • 1: The transaction is a B2B or B2C transaction with an invoice. Assign this value to vouchers and invoices.

    You specify the threshold amount for B2C transactions with an invoice in a processing option in the Multi-Purpose VAT Communication program.

  • 2: Exclude the transaction.

    Transactions with a document type for which the value in the Special Handling Code field is 2 are not included in the Multi-Purpose VAT Communication report.

  • 3: The transaction is a credit or debit note, as known as an adjustment.

  • 4: The transaction is a B2C transaction without an invoice. (ticket)