Implementing Microsoft Dynamics 365 Business Central On-Premise - Fourth Edition

VAT reporting and intrastat

Value Added Tax (VAT) doesn't really apply to people doing business in those countries where VAT is not required, such as the United States. It is a transaction that is paid by the end consumer and business. In Microsoft Dynamics NAV, you can find a table called VAT Entry, where all VAT transactions are recorded, mainly through purchase and sale invoices. In addition, the corresponding amounts are also posted on the accounts determined by its posting groups.

As in many other areas, VAT processes are mainly based on their own entries, not on the amounts found in the accounting areas.

A process named Calculate and Post VAT Settlement helps you to post the G/L transactions for a VAT settlement. Dynamics NAV also includes ...