Assumptions and Prerequisites for UK VAT Report

Here are the prerequisites to generate VAT reports for the UK

Before you proceed, you must have already set up these entities:

Data Security – For more information, see the Fusion Security topical essay available on cloud.oracle.com
Geographies
Enterprise Structure
Tax Regime to Rate setup
Tax Party Profiles
Tax Rules
Customers
Common Options for Oracle Payables and Oracle Receivables
Receipt Classes and Methods

You must complete the Implementation Project for your organization before commencing the Feature Specific Setup. For more information, see the Analyze and Report section of Oracle Financials Cloud (Get Started) web site.