VAT Prepaid Through Customs
You might need to enter input tax transactions for invoices from customs brokers who handle the payment of VAT to the Customs Authority and who charge a fee for handling the transaction. You must enter a voucher or journal entry for the VAT amount
Fields used when entering VAT that is prepaid through customs:
Field |
Guidelines |
|---|---|
Document Type |
Enter PV. |
Supplier Number |
Specify the address book number for the Customs Authority or the customs broker who handles the prepayment of VAT to the Customs Authority for import goods on behalf of the declaration site. The Cat. Cd 7 - Supplier field for in the GUI/VAT Supplier Constants program (P75T0091) must include a code that matches the name of the tax rate area that you set up for import tax. |
Invoice Number |
Enter the VAT payment document number. |
Tax Expl (Tax Explanation) |
Enter VT. |
Tax Area |
Leave this field blank. |
For customs brokers who handle the prepayment of VAT to the Customs Authority and who charge handling fees, enter a standard voucher for the VAT amount and handling fee. On the GUI/VAT Multiple Transaction Revisions form, revise the amount of the first row in the detail area to the handling fee amount and manually add an additional transaction line for document type VPD and format code 28 with the relevant VAT Payment Doc number and VAT amount.
If the supplier has the code that matches the name of the tax rate area for import taxes in the Cat. Cd 7 - Supplier field in GUI/VAT Supplier Constants (P75T0091) and the GL distribution account is set up as an input tax account in GUI/VAT GL Account Mapping (P75T012), the system populates the Tx Ex (Tax Explanation Code 1) field with the value VT, the Tax Area field with the value F28, and the Doc Typ (GUI/VAT Document Type) field with the value VPD (VAT Payment Document).
When you review GUI records for VAT prepayments in the GUI/VAT Transactions program, the system populates the VAT Payment Document Number From and VAT Payment Document Number To fields with the 14-digit VAT payment document number.