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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / VAT in US??
Microsoft Dynamics GP (Archived)

VAT in US??

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Posted on by Community Member

Currently GP (US install).  Have a sub in the UK that wants to use GP.   Requirement for VAT.  UK would run GP over terminal services located in US.

I know from the documentation that VAT is supported, but I am not seeing the setups in my US version.   Therefore, I am assuming that the UK option would have needed to be selected during the initial installation.   IF that is correct the obviously a seperate SQL instance would be required for the UK.

 Anybody know if:

1) My assumption is correct on how to deploy.

2) Any issues with licensing or registration under this approach?

 


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  • Community Member Profile Picture
    Community Member on at

    Hi Warren.

    I work with a number of organisations with the above requirements. There are a few Terminal Services settings that will help such as user profile date settings.

    In terms of VAT, the standard GP functionality of Tax Details and Tax Schedules will allow you to record Input and Output VAT correctly. There is a bit of set up required, but the basic functionality is all that is required. In order to record VAT transactions - you don't need to have the VAT Daybooks module installed.

    What the VAT Daybooks module adds to the mix is the ability to keep an auditable history of transactions included on VAT returns. It also allows you to print VAT returns etc - but the big thing is the history of what transactions were included on what vat returns. This allows you to correctly report 'Late' transactions and reconcile VAT returns to the underlying GP transactions. Because VAT works off the transaction date - you won't necessarily be able to reconcile the GL VAT liability account to the latest VAT return - but there is no particular reason why you should be able to do this. Another feature is the ability to re-submit a complete VAT return should the local tax authority allow it.

    You don't necessarily need a seperate SQL instance for the UK install. You are correct in saying that if you did install a new instance then it would have licencing issues. Your EULA only allows you to install GP on one instance of SQL. But again, you don't need to do this. The UK company(s) and the US company(s) can co-exist on the same SQL instance without any issues.

    There are other EU requirements that may be of interest such as EC Sales List production, Intrastat, Intra EU VAT transactions, Statutory reporting requirements, (In the UK also if you are trading in certain commodities there may be a Reverse Charge VAT requirement). All of this can be handled fine within GP, and just to confirm, you don't need a seperate SQL install or a seperate GP licence.

    Let me know if you need any help on this when you come to set up the UK. I specialise in helping US corporations with EU subidiaries.

    Best regards,

    Ian.

  • Community Member Profile Picture
    Community Member on at

    Ian, 

    Thanks for your reply to my question on this same issue, in another thread.

    We have the same issue.  We are a US company opening offices in Europe, running GP10

    After discussions with tech support, the suggestion is DO NOT do a UK install in another instance alongside a US install of GP 10

    Apparently the audit trail codes are different, and this can mess up the US side of things.  This is assuming that both the US team and the UK team access the same company.

    However, version 2010 will support VAT daybook for US  installs.

    The other question that tech support finally came up with is that GP 10 has the old "Core" intrastat, which has been around for sometime.  Unfortunately, no one in Microsoft can find the documentation for it, but supposedly it still works.  I am a little concerned about this. The "Enhanced Intrastat" is only for UK installs in GP2010, , but might be available in GP 2012.

    So that is what I know.

    Don

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