Discussions
Read on for the latest updates including:
• Agenda Builder launch
• SuiteWorld On Air registration
• New NetSuite Prompt Studio Contest
• And more!
Check out this thread to learn more!
Don’t miss your chance to meet our SuiteGurus—NetSuite Support professionals and subject matter experts with extensive experience in select product areas, including OneWorld, Advanced & Basic Accounting, Supply Chain Management, Receivables & Payables, CRM, Account Administration, and the SuiteCloud Platform. Full Conference attendees can prebook exclusive 30-minute one-on-one sessions for your product questions.
Spots are limited! Register through your Agenda Builder and find SuiteGuru under Agenda Enhancements.
Brexit Transition: Tax Account Setup Changes (except SuiteTax)
This notice is intended for NetSuite Accounts that have a United Kingdom (UK) subsidiary or a European Union (EU) subsidiary.
NetSuite SuiteAnswers will shortly include a Brexit training recording, which will be followed by a customer webinar in January 2021.
What is Changing?
The Brexit transition period ends this year. This means the UK will leave the European Union VAT regime, Customs Union, and the Single Market on December 31, 2020.
Postponed VAT Accounting
Beginning January 1, 2021, if your business is registered for VAT in the UK, you will need to account for import VAT on your VAT Return for goods that you import into:
Regards,
@Robert Nedelkow-Oracle | NetSuite Support Community Administrator
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