I am pleased to announce that I will now be presenting at this years APPS13 for the UKOUG on Tuesday 15th October at 2.40pm
Join us for a Webinar on October 25 2013
Any transaction that has VAT or Tax on it should be going through the sub ledgers, such as AP and AR and not directly entered into the GL as a journal.
Below is a list of points that should be considered highlighting the issues that may be faced if the choice is to still use journals to capture VAT.
please contribute to this list
|The planned rate rise that had been put off has now gone ahead and is in effect as of today, 1st October 2013. So please ensure you have updated your tax rates in Oracle R12 and Fusion tax, dont forget to also change your offse tax amounts!|
|The reduced VAT rates of 10% and 4% will not change.|
Contact us if you need help changing your tax rate in Oracle