EU trading made easy
In the EC VAT module you define and maintain the information
required to produce the EC Sales Lists (ESL) and Supplementary
Declarations (SD) including country codes, modes of transport,
terms of delivery and commodity codes. Nature of Transaction
Codes are also maintained in order to complete the relevant part
of the Supplementary Declaration for Intrastat purposes, and
Commodity Codes are maintained for Intrastat purposes as identified
in the Intrastat Classification
Nomenclature (ICN).
If you are using foreign currency accounts, appropriate VAT
rate codes for EC Sales and Purchases can also be set up. This
module will then collect information needed to produce VAT returns
for trading with EU member countries.
