Entering Journal Entries for VAT Prepaid Through Customs

Access the Journal Entries with VAT form.

Note: You must use a version of the Journal Entries with VAT program that is set up to process prepaid VAT because you must use a document type of VPD (VAT payment document). You set up the Journal Entries with VAT program to use a document type of VPD in the GUI/VAT Document Type Format Code Setup program.

This table lists the fields for which you enter specific values for journal entry transactions. Other fields are discussed elsewhere in this documentation.

To enter journal entries for VAT prepaid through customs:

1. On the Journal Entries with VAT form, enter values in the fields as described and click OK:

   • Specify PV in the Document Type field.

   • Specify the VAT payment document number in the Explanation field.

   • Leave the Tax Expl and Tax Area fields blank.

   • Specify the address number of a supplier for whom a code with the same name as the tax rate area for import tax is specified in the Cat. Cd 7 - Supplier field in GUI/VAT Supplier Constants (P75T0091).

2. On the GUI/VAT Multiple Transaction Revisions form:

   • Enter V (Value Added (Input) Tax) in the Tax Expl Code field.

   • Enter the tax rate area for import tax in the Tax Rate/Area field.

   • Enter a value in the Supplier Number field.

     The system populates several of the fields based on the information that you entered on the Journal Entries with VAT form.

     The system populates the tax fields based on the tax rate area for import tax.

     The system populates the transaction number based on the VAT payment document number that you specified in the Explanation field. The system also populates the VAT Payment Doc field by using this number.

3. On the GUI/VAT Multiple Transaction Revisions, to adjust the declaration amounts, clear the Amount Check check box, and then revise either of these fields in the detail area:

   • Taxable Amount

   • Tax Amount

     Note: If you change the accumulated amounts, the system does not make a corresponding adjustment to the amounts on the original journal entry. Review the journal entry and update the amounts, if necessary.

4. On the GUI/VAT Multiple Transaction Revisions, complete any of the remaining fields.