(GBR) Understanding Country-Specific Functionality for Great Britain

This chapter provides overviews of VAT (value-added tax) processing for Great Britain and Great Britain-specific setup and processes that you use in addition to the standard setup and processes provided in the base software.

Understanding VAT for Great Britain

If you work with VAT in the United Kingdom, you should understand these terms and principles:

If tax is payable, businesses must submit quarterly VAT returns to HM Customs and Excise.
You must pay any excess output VAT over input VAT at the time of filing.
Certain types of supplies are exempt from VAT.

Businesses can obtain a list of these types of supplies from the local tax office.

Great Britain-Specific Setup and Processes

This table lists the country-specific setup and functionality for Great Britain:

Setup or Process	Description
Supplier bank account information	Country-specific values are required when you enter supplier bank account information. See (CAN, DEU, FIN, GBR, NOR, SWE, and USA) Setting Up Country-Specific Supplier Bank Account Information.
Next numbers	Set up next numbers for the Text File Processor program (P007101). When you run the SEMDEC interface for Intrastat reporting, the Text File Processor program assigns the batch number and interchange from line 7 of Next Numbers System 00. The Text File Processor assigns the message number from line 5 of Next Numbers System 74.
User-defined codes (UDCs)	In addition to the base software UDCs: Set up UDCs to work with CIS (construction industry scheme). See Setting Up UDCs for CIS. Set up UDCs to work with ACM (application and certificate management). See Setting Up UDCs for ACM for Great Britain. Set up UDCs for European Union reporting. See Setting Up UDCs for Intrastat Reporting. Set up UDCs to print invoices with an attached International Payment Instruction (IPI). See Setting Up UDCs for International Payment Instructions. Set up these UDCs for companies: Affiliated Companies (74/AC) Code Number (74/30) See Setting Up UDCs for European Companies.
AAIs	No country-specific AAI setup exists for Great Britain.
Payment processing	To work with payment processing in Great Britain: Set up suppliers, bank accounts, and payment instrument defaults for BACS (Bankers Automated Clearing System) processing. See Setting Up the System for BACS Payments for Great Britain. Set up payment formats. See Setting Up Payment Formats for Great Britain.
Invoice processing	In addition to standard invoice processing, you can print invoices with an attached International Payment Instructions (IPI). To print these invoices and attachments: Set up UDCs for IPIs. See Setting Up UDCs for International Payment Instructions. Print invoices with attached IPIs. See Printing Invoices with an Attached International Payment Instruction.
Automatic debit formats	Before working with automatic debits for Great Britain, set the processing options for the Bank File and Statement Diskette (R03B575GB) format for automatic debits. See Setting Up Automatic Debit Formats for Great Britain.
Construction Industry Scheme (CIS)	To complete withholding tax processing administered through CIS, you must: Set up UDCs specific to CIS: CIS taxable status codes (74U/TS). CIS voucher status codes (74U/VS). CIS voucher type codes (74U/VT). See Setting Up UDCs for CIS. Set up CIS constants, document types, payment vouchers, and subcontract documents. See (GBR) Setting Up CIS. Process CIS vouchers See (GBR) Processing CIS Vouchers. Generate CIS reports. See (GBR) Reports for Great Britain.
Application and Certificate Management (ACM)	To manage applications and certificates within the JD Edwards EnterpriseOne Procurement system, you must: Set up status codes: ACM status codes (74U/AS) ACM voucher return codes (74U/VR) See Setting Up UDCs for ACM for Great Britain. Set up ACM constants and order activity rules. See (GBR) Setting Up ACM. Enter and print certificates. See (GBR) Using ACM.
Intrastat and other European Union reporting	See (Europe) Setting Up European Union Functionality. See (Europe) Using European Union Functionality.
Oracle Business Accelerator	The JD Edwards EnterpriseOne Oracle Business Accelerator solution is available for Great Britain, as well as other countries. The preconfigured data that are part of the Oracle Business Accelerator solution is based on business processes that have been designed according to the best business practices for a specific country and industry. See http://www.peoplesoft.com/corp/en/iou/implement/rapid_start/rapid_start_prtr_notes.jsp