Description
Tax adjustment in the case of a change in the tax rate.
As a rule, tax is reported when an invoice is issued. The amount of taxpayable is calculated as the balance of the input and output taxes andcleared in the subsequent period. The tax for some transactions,however, can only be deducted on settlement.
In Italy, the output tax side is affected when deferring the output taxto be deducted (in particular for public companies and for hospitals).
As a rule, invoices can remain open for several years so that interimchanges in the tax rate make an adjustment necessary.
In the case of changes in the tax rate, an adjustment is created forthe items concerned (batch input: FB05). The document number of theoriginal invoice is transferred as the allocation criteria in the newsubsequent receivables document.

Output
The tax adjustment can display a log with the customer accounts forwhich an adjustment of the invoices or credit memos has arisen as aresult of a change in the tax rate. If you wish to receive thisinformation, then you must set the parameter 'Log'.
You can take the following from the list:

• the net amount


• the original tax rate


• the original tax amount


• the changed tax rate


• the changed tax amount


• the tax difference

The tax amounts are taken from the expense/income items with theirbasis for calculation. Information about the customer/vendor andpayment deadline result from the offsetting entries.
At the same time, the customer receives notification of the adjustmentor credit memo if the 'Customer notification' parameter is selected.
With the parameter 'Batch input X' you can request the batch inputsession if you like (FB05-Post with clearing).
The session generates
an adjustment to the customer account
a posting of the new tax amount
a clearing of the original tax amount

Note
The forms that are used by the program must be maintained in tableT001F. This can happen generally or per company code.
You must specify the standard texts used in forms in table T001G.
This table maintenance will soon be replaced by a Customizing function.