Payables and Cash Management - EBS (MOSC)

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VAT Treatment Of Discounts - UK 2015

edited Jun 4, 2015 10:01AM in Payables and Cash Management - EBS (MOSC) 1 commentAnswered

Hello,

From 1st April 2015 the VAT amount need only be ajusted if the discount is taken by the customer. These will be dealt with debit notes or

receipt of credit notes for the adjustment.

I checked note 1924605.1 and for P2P side Full value of the invoice is being considered for tax calculation. Any credit memo received from

supplier providing rebate on tax could go as tax-only invoice.

My customer will not ask Credit Memos to supplier, how can implement this change without credit memos?

Anyone experienced this before?

Any help would be greatly appreciated.

Kind Regards,

Paulo

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