Mapping of VAT Recapitulative Statement / VIES
You must complete a recapitulative statement, also referred to as VIES in some jurisdictions, to report your selling to customers in other EU countries.
The requirement to file a recapitulative statement is part of the VAT control system within the EU that monitors commercial operations with goods and services.
Thia guide shows the steps required to prepare the recap statement and submit with authorities.
1) You need to start by mapping the tax rates on Xero to the recap boxes and then you may proceed to generate the extract the details.
2) Click "Demo Company (Global)".
3) Click "Create Tax Submission".
4) Click "Generate".
5) Click on the 3 dots next to "Save VAT return".
6) Click "Save VAT return".
7) Click "Add Note".
8) Click the field underneath the "Set as awaiting approval" button.
9) Type "Test".
10) Click "Save Note".
11) Click "Activity".
12) Click "Export Activity".
13) Click the "x" in the top right corner.
14) Click "Transactions (2)".
15) Click "Mapping".
16) Click the search field under preparer.
17) Click "Forrest Gump".
18) Click on the 3 dots next to set as awaiting approval.
19) Click "Set as awaiting approval".
20) Click on the 3 dots next to Approve.
21) Click "Approve".
22) Click "Send for client approval".
23) Click the final search field, "Client".
24) Choose a client.
25) Click "Send for client approval".
26) Click the subject text field.
27) Click the "Add a note to the client here..." field.
28) Type "test".
29) Click "Send a note to client".
30) Click "Lock as approved".
31) Click "Proceed".
32) Click the 3 dots next to "Submitted with authorities".
33) Click "Submitted with authorities".
34) Click "Proceed".
35) To add a return use the '+ Add Return' icon next to the company you wish to use.
36) Start by selecting the recap statement for your country, the reporting period and due date - this will allow generate.TAX to prepare the next reporting periods.
In the example below we will be using the VAT Recapitulative Statement for Malta to do the mapping.
37) Click the Continue button to proceed to map the tax rates.
38) Select the tax rate which will be used to track the Services and / or Goods, add all other tax rates to Ignore and save the mapping.
39) Click "Save" to save the mapping of the VAT Recapitulative Statement.
Click here to learn more on the submission of VAT Recapitulative Statement / VIES.
Success! You have mapped the VIES.
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