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shared Tax rates/ Tax classification codes between Business Units (UK and IOM)

edited Sep 20, 2024 1:13AM in Tax & Global 1 comment

Summary:

The Isle of Man (IM) and the UK are part of the same VAT system, so the business expects to apply identical tax rates across both regions. We have configured them as separate business units and assigned the UK tax classification codes using a reference set, which has been extended to the IM. While the tax rates/Tax Classification codes are visible and can be applied manually, they are not automatically triggered when the tax classification code is selected for IM transactions. Tax rules are working as expected for the UK, but not for the IM business unit, even though similar tax rules have been applied. What is the best practice for resolving this issue?

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