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Oracle E-Business Tax - Regime To Rate Setup For UK VAT

This document discusses setting up tax regimes and rates for UK VAT in Oracle E-Business Tax. It outlines that there are 4 types of tax statuses for UK VAT - standard rate, reduced rate, exempt rate, and zero rate. It also mentions some key components for configuring tax regimes and rates like tax status, tax rate, tax rate details, tax accounts, tax jurisdiction, and determining place of supply. Finally, it lists some examples of specific UK VAT tax regimes.

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84 views

Oracle E-Business Tax - Regime To Rate Setup For UK VAT

This document discusses setting up tax regimes and rates for UK VAT in Oracle E-Business Tax. It outlines that there are 4 types of tax statuses for UK VAT - standard rate, reduced rate, exempt rate, and zero rate. It also mentions some key components for configuring tax regimes and rates like tax status, tax rate, tax rate details, tax accounts, tax jurisdiction, and determining place of supply. Finally, it lists some examples of specific UK VAT tax regimes.

Uploaded by

zanyone
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Oracle E-Business Tax Regime to Rate setup for UK VAT

Tax Regime
Regime to Rate Flow Screen
Tax
There are 4 types of Tax Status:
1. GB VAT Standard Rate
2. GB VAT Reduced Rate
3. GB VAT Exempt Rate
4. GB VAT Zero Rate
Tax Status
Tax Rate
Tax Rate Details
Tax Rate Recovery Details
Tax Accounts
Tax Jurisdiction
Determine Place of Supply

Tax Regime

Regime to Rate Flow Screen

Tax

There are 4 types of Tax Status:

1. GB VAT Standard Rate


2. GB VAT Reduced Rate

3. GB VAT Exempt Rate


4. GB VAT Zero Rate
Tax Status

Tax Rate

Tax Rate Details

Tax Rate Recovery Details

Tax Accounts

Tax Jurisdiction

Tax Rules

Determine Place of Supply

GB DOM SERVICES

GB INTRA EU GDS PURCH

GB GDS PURCH REV CHG

GB DOM GDS REDUCED RATE

GB EXPORT SALES

GB GDS EXEMPT RATE

GB GDS ZERO RATE

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