Tags
New Tax Service, Sales Tax, Tax, Tax Service, Taxation, Value Added Tax, VAT
A first introduction into the D365 tax service
01 Monday Aug 2022
Posted in Accounts Payable, Accounts Receivable, General Ledger, Miscellaneous
Dynamics 365FO/AX Finance & Controlling
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Below you can find an other recording regarding tax calculation service containing some additional scenarios and examples:
https://www.cegeka.com/en/be/solutions/tax-calculation-service-webinar
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Thank you Ludwig for this video.
Could be interested in the future to know how to implement this functionality for a customer currently running live. As far as I pushed my research we do not have the ability to retrieve all the tax setup from a production Dynamics environment by virtual entity. It will result to double the tax setup within Dynamics Finance after the RCS synchronization. My statement for the moment is that we cannot deploy this unless it’s a from scratch implementing project.
Could be good to have your insight about this.
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Hello Aymeric Piccin, I think it is possible to deploy it even if you have an existing tax setup in place. It might be a bit tricky especially if you have many open orders but it should be possible. The question is why one would do that if the current tax setup is working fine and covers all business processes?
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Hello Ludwig, In France I think of the reverse tax which is mandatory since 01-2022.https://www.pwcavocats.com/fr/ealertes/ealertes-international/2021/reverse-change-mechanism-import-vat-january-2022.html
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Thanks Ludwig
We are looking to implement Tax Calculation service for a UK trading company. My question is the shortcomings you highlighted in regards to VAT ID and recharge VAT codes on purchases, have those been resolved and working in the latest version?
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Hi Shaun,
Some of the things I mentioned have already been fixed in the latest built (e.g. VAT ID number based tax determination). There was a TechTalk on this last week as far as I remember. Check out the recording once it becomes available.
Best regards,
Ludwig
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Ludwig, I forgot to ask, can you use existing VAT codes/Groups in the Tax calculation configuration? Or does it always have to be new ones?
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Hi Shaun,
I have not tested this but it should be possible to use existing ones by making use of lookups the same way as this is done with virtual entities for countries, VAT groups, etc.
Would be great if you could check it out and share here.
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Please also have a look at the most recent TechTalk that addresses some of the shortcomings mentioned in the post.
https://community.dynamics.com/365/dynamics-365-fasttrack/b/techtalks/posts/what-s-new-in-the-oct-2022-release-for-tax-calculation-service-september-27-28-2022
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Hi Ludwig,
Thank you for your walk through on this, it is extremely useful! I have a question about calling the tax calculation service, can we call this service on batch i.e. for multiple SO etc? As it seems quite manual to call the service through the “Sales Tax” button.
Thanks,
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Hi, The tax service will automatically be called when you record a transaction e.g. post an invoice. You don’t have to select the ‘sales tax button’ for that. I did that only to show how the sales tax calculation works and how it is identified.
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Your blog post about VAT was extremely helpful. It explained the different types of VAT and how they apply to businesses in a way that was easy to understand. I would highly recommend this post to anyone looking to learn more about VAT and the benefits of using a VAT service.
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