United Kingdom Tax Topics For Accounts Without SuiteTax
This topic is for NetSuite accounts that use the International Tax Reports SuiteApp. If you have the SuiteTax feature enabled in your account, see United Kingdom Tax Reporting Framework.
Use NetSuite to calculate, report, and pay value-added taxes (VAT) in the United Kingdom (United Kingdom). Read the following topics:
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Setting Tax Rounding Levels, Methods, and Precision Settings
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Recording VAT on Prompt Payment Discounts on Sales Invoices for United Kingdom
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Recording VAT on Prompt Payment Discounts on Purchases for United Kingdom
Using the NetSuite International Tax Reports SuiteApp, you can view sales and purchase reports by tax code, EU sales list reports, Intrastat reports, and generate and submit the United Kingdom VAT100 report directly to HMRC. To understand how to use these features, read the following topics:
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EU Sales List for United Kingdom
Note:Effective January 1, 2021, businesses located in Great Britain are no longer required to submit EU Sales List. However, it is still required for businesses located in Northern Ireland.
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Sales and Purchase Reports Grouped by Tax Code (can be used by any country)
If you have the SuiteTax feature enabled, you can generate United Kingdom tax reports such as United Kingdom VAT100, EC Sales List, and Intrastat. The templates for these reports are delivered by the United Kingdom Localization SuiteApp. For more information, see United Kingdom Localization.
For other information about taxation, see the related topics.