Legal Authorities

A legal authority is a government or legal body that's charged with powers to make laws, levy and collect fees and taxes, and remit financial appropriations for a given jurisdiction.

For example, Her Majesty's Revenues and Customs (HMRC) is the authority that ensures that the correct tax is paid at the right time, whether this relates to payment of taxes received by the department or entitlement to benefits paid. Legal authorities are defined in the Oracle Fusion Legal Entity Configurator. Tax authorities are a subset of legal authorities and are defined using the same setup flow.

Although legal entities aren't mandatory in the application, it's recommended and are generally referenced on statutory reports.