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TX07.1 - Tax Usage Codes
Use Tax Usage Codes (TX07.1) to add tax usage codes for processing VAT
returns.
Tax usage codes are used to keep statistics on the invoice amounts of
goods and services purchased for specific uses. Such statistics are required
on some VAT returns.
**More Information
After a usage code is added, you can assign it to a tax code at a vendor
or vendor location level (Company button in AP10.1, Defaults tab, or Company
button in AP10.2). Whenever an invoice is released that contains a tax
distribution,
the tax usage code is sent to the tax transaction record. TX120 (Value Added
Tax Returns Report) will pull the information for this tax transaction to
a specific line on the VAT return if the tax usage code specification entered
for that line in TX06.2 (Codes for Report Line), along with the rest of the
criteria entered for this line in TX06.1 (Tax Report Maintenance for Value
Added Tax), matches that used in the tax transaction.
Updated Files
TXUSAGECD -
Referenced Files
TXCOMPANY -
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