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[OAUGNet]-Re: VAT tax in Payables for UK

Hi,

There are certain basic set ups required to be done in Oracle Payables
to meet your VAT requirements.

1. you need to define a Tax Group in Oracle Payables Lookup Codes.
2. Set up TAX Codes
3. Optionally set Automatic Tax Calculations in Payables options
4. Use your tax codes in Transactions.

Let  me know if you need further clarifications.

Thanks and Regards

Dinesh

Cheers and Regards

Dinesh
>>> chuckk@artesyncp.com 10/15/04 8:00 PM >>>
We are bringing a division in Scotland up in Oracle Payables.  Does
anyone
have any comments on how to utilize the tax setting to properly capture
VAT
tax requirements.

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