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BlueWorld VAT Reporting enhances the sales tax engine in Microsoft Dynamics SL to allow users to meet UK VAT, European VAT and requirements set by other similar tax regimes, such as GST Each tax transaction is reported only once and is controlled through a closing process. BlueWorld VAT Reporting means that international businesses can report in the currency required by the Tax Authority, making it possible to have a base currency different to the reporting currency.
- With BWV SL becomes compliant with VAT tax reporting requirements
- Reported transactions are closed
- Can report on previously submitted tax returns
- Tax is reported in reporting currency (no matter what the system base currency is) making it ideal for pan-European, International and Global implementations
- Supports tax grouping to provide required level of detail for tax authority reporting requirements
- Supports multiple tax regimes
- Integrated into Currency Manager for multi-currency tax reporting
- Supports multiple tax return categories
- Taxes are designated to a country, currency and exchange rate type
- Support supplemental returns with user defined thresholds
- Flexible reporting frequency (monthly, bi-monthly or quarterly)
- Can report credit notes/memos separately
- Supports multi-company environments
- Provides tax return definitions (through tax return categories) by country to aid easy, flexible reporting
- Allows separate tax return category for purchase (input) tax and sales (output) tax - required for VAT
- Error trapping and reporting during tax period close to aid data rectification (e.g. missing currency exchange rate)
- Closing processes provides support for draft and final returns to be made, and automated supplementary returns to be created where necessary
- Supports Acquisition Tax
BlueWorld VAT Reporting means that international users of Microsoft Dynamics SL only need one solution to meet all their VAT, GST and similar tax reporting requirements all over the world.
The BlueWorld products are available for all current supported versions of Microsoft Dynamics SL including versions, 6.0, 6.5 and version 7.0 including feature and service packs where applicable. |
