Transaction Nature (74Y/NA)
You assign a value from this UDC table in the field Transaction Nature in the Tax Area Additional Information form to classify the transactions that are not subject to taxation.
The JD Edwards EnterpriseOne system provides hard-coded values for this UDC table, including a blank value that you can assign to transactions that are subject to taxation.
Verify that the following values are set up in your system:
Codes |
Description |
---|---|
N1 |
Excluded pursuant to Art. 15 |
N2.1 |
Not subject to VAT under the articles from 7 to 7 - Septies of DPR 633/72 |
N2.2 |
Not Subject - Other cases |
N3.1 |
Not Taxable - Exportations |
N3.2 |
Not Taxable - Intra Community transfers |
N3.3 |
Not Taxable - Transfers to San Marino |
N3.4 |
Not Taxable - Transactions treated as export supplies |
N3.5 |
Not Taxable - For declaration of intent |
N3.6 |
Not Taxable - Other transactions that do not contribute to the determination of ceiling |
N4 |
Exempt |
N5 |
Margin Regime |
N6.1 |
Reverse Charge - Transfer of scrap and other recyclable materials |
N6.2 |
Reverse Charge - Transfer of gold and pure silver |
N6.3 |
Reverse Charge - Subcontracting in the construction sector |
N6.4 |
Reverse Charge - Transfer of buildings |
N6.5 |
Reverse Charge - Transfer of mobile phones |
N6.6 |
Reverse Charge - Transfer of electronic products |
N6.7 |
Reverse Charge - Provisions in the construction sector and other related sectors |
N6.8 |
Reverse Charge - Transactions in the energy sector |
N6.9 |
Reverse Charge - Other cases |
N7 |
VAT paid in another EU country |
You can add additional records to this UDC table to comply with regulations.