Reverse Charge VAT UK Fusion

Summary:

Reverse Charge VAT for UK solution offered by Oracle is this only based on the Offset Solution (Where Offset taxes are applicable, two tax lines are created with one positive and one negative amount for the Transaction Tax in AP) for Purchase Invoices where the Reverse Charge VAT is applicable for Suppliers, and there is no other way to configure Oracle to meet the legislative requirements of the ability to show the Input Tax as AP and Output Tax as AR in the Tax Reporting, ensuring that the Supplier Invoice Liability remains the same, since the Reverse Charge VAT is