Iptor IP1 Knowledge Portal

Processes and tasks applicable to specific regions of the world are grouped under module Other Regions. These include US Options (US tax calculations using Avalara and EDI), VAT options and VAT reporting.

US options – Sales tax (Avalara)	Avalara Company Connection Customer Tax Exemptions Customer Tax Exemptions – Reminder Work with Unposted Transactions Customer Tax Exemption Upload Sales Tax report by State Avalara GL Journal Generation
US options – Income tax	Form-1099/Form-1042 Tax Reports
EDI	Work with Trading Partners
US and Canada taxation	Tax Applicability
VAT options	Work with VAT Work with VAT Regions UK VAT Report (MTD) – allows you to create the tax report for submission to the tax authorities under the UK government’s MTD (Making tax digital) program.For details of this process please see SOP – MTD process. VAT GL journal generation
VAT reports	VAT detail/summary report (VTR005/VTR010) – displays sales and VAT data by date by customer for different tax registrations for the selected company/period. VAT intrastat summary/detail report (VTR015/VTR016) – provides information on the movements of goods within the EU countries. This report is for government agencies for statistical purposes. The following information is displayed on the report. Dispatch and arrival country Nature of transport Terms of delivery Customer and supplier code Item description Commodity code Weight, quantity, value and UOM VAT ESL summary/detail report (VTR018/VTR019) ESL (European Commissions Sales Lists) – reports sales data on sales to VAT registered companies within EU countries (from one EU country into another). ESL reporting is for taxation purposes. Summary report can be run to submit to the tax authorities, while the detail report can be used for auditing purposes. The following information is displayed on the report. Customer’s name Customer’s VAT registration number Country code Item (in the detail report) Item description (in the detail report Total value of the transactions reported ESL indicator (0=Goods, 2=Triangular, 3=Services). Triangulation is where a trader in one EU state sells goods to a trader in a second EU state and the goods however are delivered to a trader in a third EU state. Note: Intrastat and ESL data file (VTINT00P) must be refreshed before running the Intrastat or ESL report to get the latest VAT data.