Swiss VAT Statement Report
Shows the standard VAT calculation for the realized VAT. It can be used for quarterly tax reporting. It consists of three parts:
VAT entry
Adjusting entries
Accounting sheet
Options
| Field | Description |
|---|---|
Closed with Journal no. |
Select the general ledger journals that contain the posting source of the VAT adjusting entries. This option evaluates accounting periods that have already been settled. |
Open until date |
Select an end date to settle all VAT entries that have not been closed. |
Show Postings |
Specify if you want to view all the VAT entries for each group. |
Show Chargeback |
Specify if you want to include VAT entries and general ledger entries with closed summary or tax reposted. |
Normal rate VAT % |
Enter the typical VAT tax to facilitate the assignment of the correct rate to the groups defined in the VAT settings. |
Reduced rate VAT % |
Enter the reduced VAT tax to facilitate the assignment of the correct rate to the groups defined in the VAT settings. |
Special rate VAT % |
Enter the special VAT tax to facilitate the assignment of the correct rate to the groups defined in the VAT settings. |
Investment/Operating Purchase VAT G/L Account |
Select the general ledger account, typically account 1171, to filter the VAT groups that have prepaid taxes applied to investments and operating expenses. The other prepaid tax groups are recorded as prepaid taxes for materials and services. |
Own Consumption Bus. Group |
Select the own consumption business group to include on the statement. |
Service Foreign Bus. Group |
Select the service foreign business group to include on the statement. |
Export Bus. Group |
Select the export business group to include on the statement. |
Additional Information
The number column in the VAT statement form matches the numbers in the official tax statements. The numbers are also used for reference in descriptions of the subtotals.
Although the tax accounting fits the official tax form layout, the amounts still have to be entered into the forms. Otherwise, barcode and reference numbers for tax administration would be missing.
The report is designed solely for the realized VAT. Check this field in the general ledger setup.
The user must complete, as required, the personal use, special allowances, and adjustments to account for a change in the tax rate.
In the tax statement, tax free revenues are combined to a total. As required, they are apportioned in the official settlement form using the group total.
The report runs the VAT setup two times. First for sales entries (VAT liability), and then again for purchase entries (prepaid taxes).
Tip
For more information on how to work with reports, see Viewing Test Reports before Posting, How to: View and Print Reports and How to: Set Filters. For assistance in finding specific pages, see Search.