Create fiscal unit VAT return

If companies are part of a fiscal unit, they will submit a collective VAT return. From the parent company, use the Create fiscal unit VAT return option to create one VAT return for all companies that are part of the fiscal unit. This process uses the fiscal unit VAT number of the parent company.

To be able to use this feature, individual VAT returns for both the parent company and the subsidiaries must have been created using the Create VAT Return option. The individual returns cannot be complete yet. This means that the VAT returns must all have the 'Draft' status. If there are one or more returns with a status higher than 'Draft', you need to submit VAT returns for all individual companies to the Tax Authorities.

When you enter the period for which you are submitting the return, you will see all of the companies that are part of the fiscal unit. Once the Create fiscal unit VAT return process has completed, a return code will be created which is displayed on the journal lines.

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