What goes into each box – Ireland VAT 3 report
Nondeductible tax codes created by checking the 100% Non-deductible box on the Tax Code page is not supported. If you want to create nondeductible tax codes that will work with International Tax Reports SuiteApp, see Setting Up Nondeductible Input Tax.
The following table shows how NetSuite uses the tax codes to get the values for the Ireland VAT 3 report.
|
Box |
Description |
Value |
|---|---|---|
|
T1 |
VAT on Sales |
VAT amount of Sales S-IE, S1-IE, R-IE, SR-IE, LR-IE, FR-IE Notional tax amount of Purchases RC-IE, RC1-IE, ES-IE, ES1-IE, ER-IE, ESSP-IE, ESSP1-IE, ESPR-IE, IS-IE, IS1–IE, ESR-IE, ELR-IE, EFR-IE, IPA1-IE, IPA2-IE, IPA3-IE, IPA4-IE VAT amount of Sales Adjustment BoxT1, S-IE, S1-IE, R-IE, SR-IE, LR-IE, FR-IE |
|
T2 |
VAT on Purchases |
(VAT amount of Purchases S-IE, S1–IE, R-IE, I-IE, I1–IE, SR-IE, LR-IE, FR-IE + Notional tax amount of Purchases RC-IE, RC1-IE, ES-IE, ES1–IE, ER-IE, ESSP-IE, ESSP1-IE, ESPR-IE, IS-IE, IS1-IE, ESR-IE, ELR-IE, EFR-IE, IPA1-IE, IPA2-IE, IPA3-IE, IPA4-IE + VAT amount of Purchases Adjustment BoxT2, S-IE, S1-IE, R-IE, I-IE, I1–IE, SR-IE, LR-IE, FR-IE) – VAT amount of NonDeductible NonDeduct-IE |
|
T3 |
Excess of T1 over T2 (Payable) |
T1 – T2. Box shows value if positive. Otherwise, box shows zero. |
|
or T4 |
Excess of T2 over T1 (Repayable) |
T2 – T1. Box shows value if positive. Otherwise, box shows zero. |
|
|
Amount of Payment |
Box shows value of T3, but field is editable. |
|
E1 |
Value of Goods Sent to other EU Countries |
Net amount of Sales ES-IE, ES1-IE, ER-IE, ESR-IE, EE-IE, EZ-IE |
|
E2 |
Value of Goods Received from other EU Countries |
Net amount of Purchases ES-IE, ES1-IE, ER-IE, ESR-IE, EE-IE, EZ-IE |
|
ES1 |
Total Services to other EU countries |
Net amount of Sales ESSS-IE, ESSS1-IE |
|
ES2 |
Total Services from other EU countries |
Net amount of Purchases ESSP-IE, ESSP1-IE, ESPR-IE |
|
PA1 |
Postponed Accounting |
Net amount of Purchases IPA1-IE, IPA2-IE, IPA3-IE, IPA4-IE |