Setting Up United Kingdom Taxes

Specify the general ledger accounts or the tax authorities to use when calculating amounts to report to HMRC.

To set up United Kingdom Taxes:

1. Open Common Services > United Kingdom Taxes > Configuration.
2. In the Box field, select a box.
3. Add a row in the table, and then enter information for the general ledger account or the tax authority to use when calculating amounts for the selected box:
   • To specify a general ledger account:
     • In the From field, enter General Ledger.
     • Enter the G/L account ID.
   • To specify a tax authority:
     • In the From field, enter Tax Services.
     • Enter the tax authority, buyer tax class, and item tax class.
     • Enter the tax authority, transaction type, buyer or seller tax class, and item tax class.

       Note: You can change the transaction type only if you selected box 1 or 6. For other boxes, the transaction type is set by default and cannot be changed.

4. Repeat the process above for each box that applies to you.