Manage Tax Status

The tax status represents the VAT for the UK tax regime. You must attach the tax reporting codes for the reverse charges so that the transactions can easily be identified for reporting purposes.

Follow these steps:

1. Navigate to Setup and Maintenance and click Manage Tax Statuses.
2. Edit the Tax Status Code – GB_UK_MTIC_ZERO_RATE.
3. In the Edit Tax Status: GB_UK_MTIC_ZERO_RATE dialog box, click the plus icon. Browse and attach the Tax Reporting Type Code to the GB UK Missing Trader Intra community Zero Rate with Reverse Charge.
4. Click Save.