How to use FKCUMTAX - Summarize Tax Lines UK

SAP Transaction Code - Details

• Transaction Code: FKCUMTAX

  Description: Summarize Tax Lines UK

  Release: S/4HANA and ECC 6

• • Program: RFKKTAXCUM_UK

    Screen: 1000

    Authorization Object:

  • Development Package: FKKB

    Package Description: Contract A/R & A/P: Central Objects

    Parent Package: FI-CA

  • Module/Component: FI-CA

    Description: Contract Accounts Receivable and Payable

Smart SAP Assistant

• SAP Tcode: FKCUMTAX - Summarize Tax Lines UK

  
  Overview:
  FKCUMTAX is a transaction code used in SAP to summarize tax lines for the United Kingdom. It is used to calculate the total amount of taxes due for a particular period and to generate a report that can be used for filing taxes. 
  
  Functionality: 
  FKCUMTAX allows users to summarize tax lines for the UK. It calculates the total amount of taxes due for a particular period and generates a report that can be used for filing taxes. The report includes information such as the total amount of taxes due, the type of taxes, and the period in which they were due. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code FKCUMTAX in the command field. 
  2. Enter the date range for which you want to summarize tax lines. 
  3. Select the type of taxes you want to summarize (e.g., VAT, Corporation Tax, etc.). 
  4. Click “Execute” to generate the report. 
  5. Review the report and make any necessary adjustments. 
  6. Save the report for filing purposes. 
  
  Other Recommendations: 
  It is important to review the report generated by FKCUMTAX carefully before filing taxes, as any errors or omissions could lead to penalties or other issues with HMRC (Her Majesty’s Revenue and Customs). Additionally, it is recommended that users consult with an accountant or other tax professional if they have any questions or concerns about their tax obligations in the UK.