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With the February Hotfix we released VAT changes for making tax digital, electronic filing. There are some customers that may need Group registration for VAT.
For Group VAT registration, separate legal entities are allowed to submit one consolidated return. As these are separate legal entities, they are separate databases in Microsoft Dynamics GP. Group registration would require a consolidated submission from multiple databases (selectable option of which company to choose) . Right now you cannot do this in the Microsoft Dynamics GP product, and you will have to submit VAT per company.
For Group VAT registration, separate legal entities are allowed to submit one consolidated return. As these are separate legal entities, they are separate databases in Microsoft Dynamics GP. Group registration would require a consolidated submission from multiple databases (selectable option of which company to choose) . Right now you cannot do this in the Microsoft Dynamics GP product, and you will have to submit VAT per company.
STATUS DETAILS
New
Comments
PLEASE - This is an important fix needed for US companies as well!
Category: Financials - Other
This is critical for a significant number of UK GP clients.
Category: Financials - Other