If any corrections affecting value-added tax are noticed after VAT accounting, the VAT calculation can still be canceled and redone after the corrections.
Cancellation is done in the view Reports – Accounting – VAT reports. Select the declaration to be canceled (click the checkbox) and click Cancel VAT Calculation.
The program removes the selected tax calculation and the VAT transactions it generated, as well as removes the information about the tax calculation from the original transactions. Additionally, the program deletes the reports generated by the original tax calculation from the Archive.
Note! The document numbering must be corrected manually after canceling the periodic tax calculation. In the Settings – Voucher Types view, change the desired next document number behind the voucher type used in the periodic tax calculation.
Creating a new declaration after corrections
After canceling the tax calculation, the necessary additions or corrections to the entries are made. After this, the tax calculation can be done again. When creating a new declaration for the same reporting period, check the box Replacement return and select Reason for Correction Declaration:
The declaration is printed in the usual way, first with the Print button, and if the information is correct, continue with the Continue button. The declaration cannot be continued unless a reason for the correction declaration has been selected.
The declaration will print information about the correction declaration and the reason for the correction declaration.
Information about the correction declaration and the reason for the correction declaration will also go into the generated TYVI material.
If no figures appear for the VAT calculation, check that the relevant period is not locked. If necessary, the VAT can be recalculated for the period using the Transaction Processing function.