2024.06 | 7 June 2024

KEY RELEASE HIGHLIGHTS
This table gives a gist of the key highlights coming with this release which solve pertinent business challenges of our customers and ensures an improved user experience on ONESOURCE Indirect Tax platform.
Business challenge
How OIC can help
Product Updates in This Release
Customers have tight timelines and need robust workflows, intuitive user interface to be able to accomplish their day to day filing tasks with minimal roadblocks.
By providing intuitive UI and UX workflows that identifies anomalous data and provides actionable next steps for the users to proceed in their tasks
Improved error messages around transaction grids and returns screen.
Comprehensive optimization of user interface on several screens in the application to enhance UX, workability on the platform
Customers have global obligations they need to fulfil while filing periodically and be up to date in their filings with the latest regulatory changes.
By ensuring legislative compliance with each release and market/capability expansion
Enhancement to JPK VAT return for Poland by adding
Reporting company name
to the returns
Ability to export Croatia Intrastat output in XML format
Businesses have to overcome challenges when it comes to managing their Compliance data when accounting for changing business scenarios
TR is now providing users to delete multiple imports at once, helps reducing manual efforts and streamlining the import management and enhancing process efficiency and a rounded user experience.
Supporting bulk deletion of imports, so that multiple imports can be deleted at one go and making the management of imported data more efficient[NP1] .
Customers need to have increased visibility when filing returns to further support their auditing purposes and to ensure efficient process is followed while filing.
By providing enhanced history of updates made to returns that help in maintaining a robust audit trail
Improved audit trail of the return history which gives granular information about the action performed on the return

Legislative Updates

Thomson Reuter’s content team are constantly monitoring changes in indirect tax legislation to ensure the latest requirements from the jurisdictions covered are supported in our content.
Greece VAT return -
The return summary has been updated to reflect the latest changes included in the new VAT form that will apply to reporting periods starting from 1st of July 2024 onwards. The changes compared to the old form are the following:
  1. Boxes 308 and 338 were added for outgoing intra-community acquisitions and acts of the recipient with a VAT rate of 4%.
  2. Boxes 309 and 339 were added for outgoing intra-community acquisitions and acts of the recipient with a VAT rate of 3% to the Aegean islands and from the rest of Greece to these islands.
  3. Boxes 313, 314, 315 were added5. Box 912 (value of exempt transactions to and from the Mount Athos region) was added.
  4. Box 400 was deleted.
  5. Box 912 (value of exempt transactions to and from the Mount Athos region) was added.
The new form (050 - VAT EDITION 2024, Φ2 TAXIS) was published on Greek tax authority (ΑΑΔΕ) on the third of May 2024 and can be accessed under this link.
Romania Intrastat -
Nomenclatures version of the Commodity Code used in efiling have been updated to the latest list as of 2024.

Content Enhancements

Content enhancements are changes in the design introduced to improve the product usability and reporting accuracy ensuring the solutions meet users expectations as well as legislative and technical requirements.
VAT returns:
Czechia VAT return (pdf form) -
The logic used to populate fields related to Tax Office in the pdf form version of the VAT return has been changed to display the full name of the Tax Office after adding the number of Tax Office or Regional Tax Office to the VAT Company Information sheet. Previously the pdf displayed the Tax Office digital codes used in efiling. This change doesn't impact efiling - the xml output generated for the purpose of electronic submission still uses the codes as per the schema requirements.
Poland VAT return -
fixed an issue with consolidation of values in the group return when using group template. Previously the data was not flowing correctly in the RA sheet. Please note that the consolidation on group level can be performed for information purposes only and the group reporting using JPK xml report is not supported.
Management information sheet -
the formula calculating the amount of VAT due or repayable has been amended in the group templates to accurately capture the values when there are adjustments made on group level. Previously the amount was the sum of the underlying entities within the group not taking into consideration the adjustments. The change has been applied to the following jurisdictions: Poland, New Zealand.
Tax codes:
Spain VAT return -
New tax codes added to facilitate reporting transactions under the small retailer scheme if the standard tax rate at 21% is recorded separately from the 5.2% surcharge. The tax code Surcharge as separate transaction line - small retailers scheme (AR_RECARGO_LA) can be used in cases where the transaction is recorded with two separate lines to report the surcharge tax amount at 5.2%.
Slovakia VAT return -
A new tax code is added to support reporting of transactions related to Domestic Purchase Of Services (AP_DOMPURSRV_R ) using the reduced rate at 10%.
Hungary VAT Return -
tax codes mapping for box 11 has been updated. Reporting the Net amount of the tax code: Simplified triangulation: acquisition of goods by party C taxed by 5%, 18% and 27% was added to box 11.
Listings reports:
Lithuania intrastat -
The logic to populate field Quantity by Supplementary unit has been revised for the purpose of efiling to exclude the values from reporting if the amount for this field is 0, previously the zero values were included in the output causing validation errors during submission.
Romania ESPL -
Total amounts reported in the xml filing output of the ESPL will be displayed by default in a separate sheet to facilitate the review of the submission details. Previously the totals were at the bottom of the sheet and hidden for the default view.
Portugal ESL -
the schema for generating the ESL listings report has been updated to capture information on Certified Accountant ID populated in the Company Information sheet
Slovakia intrastat -
Formula generating serial number has been updated to correctly capture the value in the field DeclarationID when exporting intrastat XML output used for electronic submission.
Customer request has been solved by implementing the change.
Czechia Control statement revised logic to accommodate more use cases:
  • Enhanced logic for field Exception Flag fed from import field Document Type allows to move a transaction to B.3. instead of B.2., regardless the threshold value. This can be achieved by using the value 2 in Document Type field. Previously the functionality has worked only in the reversed direction that using Code "1" transactions reported in section B.3 moved to section B.2.
  • Fix for excluding canceled invoices in the same reporting period has been extended to sections A.2 and B.1 as reporting the same invoice ID in lines with offsetting values should not flow to the reportable section of VAT Control Statement. The transactions cancelled in the same reporting period should be displayed only on the support sheet. Such a logic applies currently only to the A4/A5 and B2/B3 sections and now will be available also for A2 and B1.
  • Logic for the Date of Tax Liability in A.2 section has been revised to apply the same rules consistently in the report same as already exists in sections A.4., B.2. and B.3. All of the above mentioned sections use the final Date of Tax Liability („DPPD“) = date of obligation to declare the tax – so the clients are allowed to include
    InvoiceDate
    and
    ReportingDate
    and the invoice date has priority before the reporting date for DPPD reporting.

E-FILING AND COVERAGE EXPANSION:

Belgium -
amended one of the values available in field ID Type in the Company information sheet required for efiling. The value Other has been changed to meet the restricted enumeration, only lower case is accepted for the purpose of electronic submission.
Croatia Intrastat -
Intrastat listings can now be extracted as an xml output file which is the required filing format for submission on the tax administration portal. A separate section has been added to the Company information sheet to accommodate the e-filing specific requirements. This additional Company Information information includes details about the reporting entity that must be provided with the submission.

DIGITAL TAX REPORTING:

SAF-T reporting (Single Audit File for Tax) is based on OECD requirements allowing users to generate a standard file format that includes various types of accounting transactional data using the XML format. The scope of reporting varies from jurisdiction to jurisdiction therefore the reporting is country specific to meet local requirements. Currently OIC supports this type of reporting in following jurisdictions:
Austria, Lithuania, Luxembourg, Norway. Poland, Romania
.

RETURNS:

Enhanced audit trail of return history:
  • Our enhanced Return History feature now offers a more granular view of the actions performed on returns. Whether it's “insert sheets”,” Change Sources”, “Filing”, “Status”,” Print”, “Save to Excel”, the system not only captures the action but also provides the information of the source (Returns/Workbook) from where the action was initiated.
  • In addition to this, we've made it possible to distinguish whether actions were executed via the user interface (UI) or through an API call. This level of detail in the Return History screen ensures a comprehensive and transparent audit trail of return-related activities.
  • By capturing both the location and method of action on returns, this enhancement helps businesses ensure the integrity and efficiency of their return management processes, ultimately contributing to better governance and operational excellence.

IMPORTS:

Enhanced Visual Tracking with New Blue Indicator for Duplicate Transactions in Import Details:
  • We've further refined the visual cues on the import details screen by incorporating a new color indicator—Blue— to signify the presence of duplicate transactions. The duplicate status will be shown whenever the 'Apply Duplicate Invoice Checks on Uploads' setting is activated.
  • This enhancement aims to provide a more intuitive and efficient user experience when managing imports.
Bulk deletion of imports:
Users now have the capability to delete multiple imports simultaneously, enhancing import management efficiency. In this release, users gain the capability to delete multiple imports at once, streamlining import management and enhancing user experience. With this feature, users can select multiple imports and delete them with a single click, eliminating the need for repetitive tasks and ensuring smoother import operations.
How it works:
  • Users can select imports of their choice and initiate the deletion process by clicking the "Delete" button.
  • During deletion, affected rows are greyed out, and the delete option is disabled to prevent concurrent actions on selected imports.
  • This restriction only applies to the selected imports, allowing users to continue regular actions on other import files.
    • If any of the selected imports have “read-only” or “no access” returns, then those imports cannot be deleted and the relevant notifications “Delete Failed, Return is in state read-only state”/ “Delete Failed, Return is in No access state” will appear.
  • Key benefits:
    This feature simplifies import management by allowing users to delete multiple imports at once, reducing manual effort and ensuring smoother import operations.
Implementation of Threshold Warning Message for Grouped Allocation Errors:
A threshold warning message is now being displayed when the number of allocation errors exceeds 1000, limiting the number of error lines shown while still displaying all errors in a single view.
Key benefits:
This enhancement aims to improve user experience when dealing with a large amount of data by making the grid more readable and friendly. It reduces the overwhelming feeling and time consumption associated with sifting through a long list of allocation errors.

REPORTS:

Enhanced Periodic Returns Report with Bulk Sync Capability:
  • Our latest update introduces a streamlined and efficient solution for managing periodic returns with synchronization discrepancies.
  • The enhanced report now features bulk sync, allowing users to address and resolve synchronization issues across multiple entries with a single action.
    • To do this user can choose multiple returns and select “Force Refresh” option
  • The report's accessibility has been expanded to include all customer roles, ensuring that every user can benefit from this new functionality.
  • In addition, the report has been refined to display only client-specific data, providing a more focused and relevant view of information. Users will only see returns for which they have write permissions, further personalizing the experience and ensuring data integrity.
  • This improvement is designed to significantly reduce the time and effort previously required to individually sync each return.
  • This upgrade transforms the way users interact with periodic returns, shifting from a manual, multi-step process to a convenient, self-service model.
  • The need for submitting support tickets and waiting for developer intervention has been greatly reduced, empowering users to manage their data effectively and independently. This not only saves time but also enhances overall productivity, allowing users to focus on more strategic tasks.
  • Batch Reports Enhancement:
    ‘Save parameters’ functionality for Batch reports have been enhanced in this release which include:
    • Deletion of Batch Reports:
      Users can now delete batch reports without having to delete the saved parameters initially.
    • Running Batch Reports with Saved Parameters:
      Users can run batch reports by selecting a saved parameter, streamlining the reporting process and saving time.
    • Override Parameters:
      Users now have the ability to override parameters by adding/changing existing information
    • Duplicity check:
      Users will now receive an error message if the parameters being saved already exist for the said batch reports
Key benefits:
  • Improved Management:
    The ability to delete batch reports helps maintain a clutter-free reporting environment.
  • Efficiency:
    Running reports using saved parameters speeds up the reporting process and ensures consistency.
  • Customization:
    Overriding parameters provides users with the flexibility to tailor reports to their specific needs.
These enhancements are designed to improve the overall user experience, making batch reporting more efficient and user-friendly.

OTHER UPDATES:

Enhanced Error Messages on Transaction Grids:
Error messages displayed on transaction grids have been improved for user to better understand corrective steps need to be taken to rectify the error. This improvement will help users better understand and resolve issues encountered during transactions, leading to a more seamless and efficient workflow.
Key benefits:
  • Clarity:
    Error messages have been rewritten to provide straightforward and easy-to-understand explanations of issues seen.
  • Detail:
    Additional information is now included to help users diagnose problems without needing to refer to support or additional documentation.
  • Actionable Guidance:
    Where applicable, error messages now include suggested actions or steps users can take to resolve the issue.
Resolved entity hierarchy designation issue when creating entity group:
This release, an error message has been introduced when a single entity is incorrectly designated as both the parent and child during group creation. Users will now receive this error message if they attempt to add the same entity in both roles while creating the group from UI/API.
Key benefits:
  • Error Prevention:
    Users will be alerted with a clear error message if they try to designate the same entity as both the parent and child during group creation.
  • Improved Validation:
    Enhanced validation checks ensure that such designations are not permitted, maintaining the logical structure of entity relationships.
This update ensures the integrity of group creation processes, preventing configuration errors and enhancing overall system reliability.
UI enhancements to ‘View Transactions’ Screen:
As part of this release, key UI elements have been designed to improve usability and streamline your experience on the View Transactions screen. Below are the details of the updates included in this release:
Key changes:
  • Contextual Headers:
    Header details will no longer wrap into multiple lines.
  • Double Scroll bars Issue Resolved:
    We have fixed the issue of double scroll bars appearing on most screens, ensuring a smoother and more seamless scrolling experience.
  • Separator Between Grid and Toolbar:
    A separator has been added between the transaction grid and the toolbar, providing a clear distinction between actionable buttons and the data displayed.