New VAT Date field on documents and entries
Some of the functionality described in this release plan has not been released. Delivery timelines may change and projected functionality may not be released (see Microsoft policy). Learn more: What's new and planned
|Enabled for||Public preview||General availability|
|Users, automatically||Oct 2022||Oct 2022|
Users can report VAT statements and returns based on the new VAT Date instead of the Posting Date to meet requirements by certain countries.
Some countries require reporting for VAT statements and VAT returns by using a date that's different than the Posting Date. Sometimes, the date can be Document Date, but even this date can differ from the requirement. For this reason, the new VAT Date exists on all purchase and sales documents, as well as on journals. Before starting, users can set up the default value for VAT Date (Posting Date or Document Date) in the General Ledger Setup, but the date can be changed on individual documents and journals. When a document is posted, the new VAT Date will be visible in VAT entries and in G/L entries. If necessary, it's possible to change the VAT Date after posting.
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