What is VAT Return Runs in SAP SRD-FIN-TAX - FIN-Tax Management?

SAP Term: VAT Return Runs

• Component: SRD-FIN-TAX

• Component Name: FIN-Tax Management

• Description: A view provided to create VAT returns and corresponding amended tax returns for selected reporting periods.

Smart SAP Assistant

• Key Concepts: 
  VAT Return Runs are a feature of the SAP SRD-FIN-TAX FIN-Tax Management component. This feature allows users to generate and submit Value Added Tax (VAT) returns to the relevant tax authorities. The returns are generated based on the data stored in the system, such as sales and purchase invoices, and can be used to calculate the amount of VAT due.
  
  How to use it: 
  To use the VAT Return Runs feature, users must first configure the system to meet their specific requirements. This includes setting up the relevant tax codes, assigning them to customers and vendors, and defining the tax rates. Once this is done, users can generate a VAT return by selecting the relevant period and running the report. The report will then display all of the relevant information needed to complete the return.
  
  Tips & Tricks: 
  When configuring the system for VAT Return Runs, it is important to ensure that all of the relevant information is entered correctly. This includes setting up the correct tax codes and assigning them to customers and vendors. Additionally, it is important to ensure that all of the relevant invoices have been entered into the system before generating a return.
  
  Related Information: 
  For more information on how to use VAT Return Runs in SAP SRD-FIN-TAX FIN-Tax Management, please refer to SAP's official documentation or contact your local SAP support team. Additionally, there are many online resources available which provide detailed instructions on how to configure and use this feature.