How To Fix FC466 - Company code &1 has no time-dependent assignment of sales/purch.tax group

FC466 - Overview

• Message type: E = Error

• Message class: FC - FI configuration error messages

• Message number: 466

• Message text: Company code &1 has no time-dependent assignment of sales/purch.tax group

What causes this issue?

You want make a time-dependent assignment of company code &V1& to a tax
on sales/purchases group.
However, company code &V1& is not defined for a time-dependent
assignment of the tax on sales/purchases group.

System Response

No tax on sales/purchases groups can be assigned for company code &V1&.

How to fix this error?

If you want to make time-dependent assignments of a tax on
sales/purchases group for company code &V1&, define the company code and
choose a date type for the assignment.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FC466 - Company code &1 has no time-dependent assignment of sales/purch.tax group ?

  The SAP error message FC466 indicates that there is no time-dependent assignment of the sales/purchase tax group for the specified company code. This error typically arises when you are trying to post a transaction that requires a tax group assignment, but the system cannot find a valid assignment for the specified company code.
  
  Cause:
  
  Missing Tax Group Assignment: The primary cause of this error is that the sales/purchase tax group has not been assigned to the company code in the relevant configuration settings.
  Time Dependency: The assignment may be missing for the specific time period in which the transaction is being processed. This can happen if the tax group was recently changed or if the assignment was never made for the current date.
  Incorrect Configuration: There may be an issue with the configuration settings in the tax determination process.
  
  
  Solution:
  To resolve the FC466 error, follow these steps:
  
  
  Check Tax Group Assignment:
  
  Go to the transaction code OBYZ