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VAT posting on a bank charge via a bank journal is not reflected correctly in the VAT declaration

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Posted on by Freud

Hi Everyone

Do you know why the VAT on a bank charge appear as a sales tax payable in my VAT declaration? Should not be a tax receivable?

The report setup of the sales tax code A3 is well defined

Thank you

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Freud 27 on at

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VAT posting on a bank charge via a bank journal is not reflected correctly in the VAT declaration

The input was done via General Ledger.

I could reproduce the "error": if I have only one line:

Then my sales tax looks correct:

But if I add a new line to my journal, a customer one:

The sales tax of the second line change direction, becomes negative with a sales tax direction payable???

Is this a bug or is it normal? What drives this change?

Thanks
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saurabh bharti 15,029 Super User 2024 Season 2 on at

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VAT posting on a bank charge via a bank journal is not reflected correctly in the VAT declaration

Hi Freud,

What if you use Sales tax receivable with Receivable direction for sales tax line in the financial journal for (Debit)
André Arnaud de Cal... 291,820 Super User 2024 Season 2 on at

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VAT posting on a bank charge via a bank journal is not reflected correctly in the VAT declaration

I think you shared the posted voucher details, not the form where the data entry for the posting was done. Can you share information about the source document?
CU13051235-0 on at

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VAT posting on a bank charge via a bank journal is not reflected correctly in the VAT declaration

Hi

Thank you already for your answers:

Here is the journal:

Main account types: 10161 = Asset; 79400 = Expense; 22700 = Liability

We don't use the payment fee functionally.

We don't recognize the VAT during the procurement payment, it's at the invoice.

Thank you
André Arnaud de Cal... 291,820 Super User 2024 Season 2 on at

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VAT posting on a bank charge via a bank journal is not reflected correctly in the VAT declaration

Hi Freud,

The sales tax direction is based on the amount entered on a journal or document (debit, credit, or negative values in these fields) and the account type or offset account type. Can you share the (journal) details of how this transaction was posted?
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Giorgio Bonacorsi 665 on at

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VAT posting on a bank charge via a bank journal is not reflected correctly in the VAT declaration

Hello Freud,

I need more context: what is the declaration you are talking about?

However, I can try to give a firsthand:

- All VAT declarations in D365FO are based on the TaxTrans. So, firstly, try to see in the TaxTrans; I expect that your declaration is based on that for its calculation

- I assume that you use the function "conditional VAT" (for this reason, you recognize the VAT during the procurement payment)

- if you use the payment fee functionally, try to check this configuration: Account payable> Payment setup: Payment fee.