2024.09 | 6 September 2024
KEY RELEASE HIGHLIGHTS
This key release highlights solutions to our customers' relevant business challenges and ensures an improved user experience on the ONESOURCE Indirect Tax platform.
Business Challenge | How OIC Can Help | Product Updates In This Release |
To fulfill global obligations and ensure timely filing of returns. Businesses need proactive communication from the platform regarding any errors, letting them address issues promptly and avoid unexpected penalties. | By implementing the ONESOURCE notifications system which can be enabled for users who want to get notified of any errors or failures via email; in the process of filing their SII data, removing the need to access the application daily to check submissions have been successful, saving time for users. | Introducing ONESOURCE notifications for failed automated SII submissions. |
Businesses need to fulfill periodic filing requirements across all countries of business operations which can be costly. They need optimized processes across jurisdictions that resolve this complexity. | Content related to mainland Portugal and non-mainland territories needs to be offered under a single jurisdiction together with efiling capabilities ensuring smooth reporting and efiling. | Portugal – inclusion of Madeira and Azores |
Legislative Updates
Thomson Reuters' content team constantly monitors changes in ONESOURCE Indirect Tax Legislation, ensuring our content supports the latest requirements from the covered jurisdictions.
Spain VAT return (Forms 303 and 322) -
We've added small changes as per the legislative update to accommodate with new boxes 165,166,167,168,169,170 which allows for efiling submission for the September period.VAT Returns and Listings
Australia GST Return – Enhancements in GST Reporting
- We've included additional logic that allows users to transfer negative amount in Box 1A and 1B. The transfer of data is managed in the Return Summary and occurs between boxes G9 and G20 for accounts method in case of negative totals that are no longer supported in boxes 1A and 1B.
- Introduced an enhancement that shows GST exclusive amounts in boxes G1, G3, G10, and G11 depending on the calculation options selected in the Company information sheet.
- Updated boxes 1A and 1B to allow negative values if an entity is part of the group, the negative values will continue to be blocked from reporting in these boxes if an entity is a reporting entity (head of a group or single entity not part of the group).
Bahrain VAT Return -
We've added an adjustment box that allows to override the amount of VAT credit carried forward in box 17 to match the amount in clients VAT account at the time of filing if it varies from the last periods VAT result.Cyprus VAT Return -
Removed validation errors from boxes 6 to 11 to allow reporting negative values, accommodating scenarios with such values since the tax authority portal doesn't restrict them.Czechia Control Statement -
We've made a change to the treatment of transactions uploaded to A.2. section with a non-EU Country Code. We've excluded the Country Code and Supplier VAT registration number from the reporting, although they remain visible in the support sheet.We also made an update to the logic of the
Control Statement
. The total amount per invoice which needs to be considered to reflect some transactions in sections A4/A5 or B2/B3 (For which there is a threshold of 10k) also have the Customer or Supplier ID
. In the scenario where there are 2 transactions with the same InvoiceID
coming from different suppliers, these won't get mixed up.Czechia VAT Return PDF Form -
We've made updates to the 1st page of the PDF form, specifically related to reporting periods. The month (mesic) and year (rok) now display the current reporting period. Additionally, fields for manual entry of the period (za obdobi) are available.Hungary DSPL -
You can now include the OriginalID
field with import data from source files to automatically populate the Historical invoice serial number
value in the Domestic listings Transactions sheet. Previously, you had to enter this value manually.Hungary Box Number and Tax Classification Report -
We've fixed an inconsistency in the tax codes metadata to ensure the tax code AP_TRIACQC
is correctly captured in the analytics reports. There's no impact on box mappings in the return summary.Poland -
We amended the formula used with tax code Domestic purchase of other goods and services - partially recoverable (AP_DOMPURGDSSRVX 8%
) leading to incorrect net amount values in the Return Summary.Portugal -
We amended the logic for tax code Domestic purchase of services related to construction work (AP_RCSRVDOMPURCONS
) to fix inconsistent treatment of adjustments leading to incorrect values in the Return Summary.Portugal Customers listing Annex I -
We've updated the logic to aggregate data when the ExportID
is the same in multiple transactions, previously multiple rows would display incorrectly for the same ExportID
.Portugal – Inclusion of Madeira and Azores -
We've merged content related to mainland Portugal and non-mainland territories under the Portugal jurisdiction together with efiling capabilities. As part of this development, we've added 2 return summary pages to the Portugal template used to report transactions taxable in Madeira and Azores.We've also added new tax codes to the template and are mapped to the respective return summary sheets. The tax codes are available under Portugal jurisdiction in the configuration-mapping tables. We've incorporated Azores and Madeira into the Portugal VAT return. The consolidation of content within the Portugal template allows users to file a single VAT return including returns data related to mainland Portugal as well as the overseas territories. The efiling including Madeira and Azores becomes available in the October release.
Romania VAT Return PDF Form -
We've updated fields for reporting period in the PDF form to allow the form to automatically populate from the Company Information sheet.Romania Form 394
- Introduced an enhancement to incorporate a scenario that wasn't previously fully covered in OIC. This enhancement allows for the reporting of transactions recorded with indicator N, specifically related to zero-rated purchases from private individuals (who are not registered for VAT). These transactions are now included in section D of the form 394, along with the remaining purchases.
- Updated the logic to exclude transactions with a counterparty with U.K. VAT Number from being reported in the section of the report relevant to EU transactions, these will be reported as non-EU transactions.
Singapore Decimal Format for Deductible GST -
We've applied the decimal format to amount fields used with Deductible Input GST partially recoverable tax codes. Previously the amounts were reported as integers leading to minor discrepancies in the final numbers.Singapore Irrecoverable Percentage -
Amended the calculation for irrecoverable amount fields for the tax code Import of Services subject to reverse charge
. This change now allows for custom recoverability percentages, replacing the previous fixed 50% option.Slovakia Control Statement -
We recently updated tax codes related to the Domestic purchase of goods - partially recoverable to ensure transactions are captured in the Control Statement.Spain Other Adjustment Report -
Enhancement to include the Other Adjustments (S3) sheet. This sheet supports manual adjustment boxes and manual return boxes on Return Summary Analysis sheet. This sheet allows users to import and report on multiple adjustments for each of these boxes on the return. Spain ESPL -
We applied an update to a field in the Company Information sheet referring to the reporting period in the case of quarterly filings. This ensures that the values align with the guidelines and display as 1T, 2T, 3T, 4T depending on the quarter when a quarterly filing dataset was created. For monthly submissions, the field shows values from 1 to 12, corresponding to the months.Spain Box Number Report -
We fixed an inconsistency in the tax codes metadata to ensure the tax code AP_DOMPURGDS_DA
is correctly captured in the analytics reports. There's no impact on box mappings in the return summary.Management Information B Sheet -
The calculation of the VAT position showing the tax result from the return is refined in several jurisdictions to display a more accurate figure in the management information sheet.- Spain -Revised the calculation for VAT due or repayable to incorporate the value attributable to the Central Tax Authorities from Box 66, along with the total VAT amount in Box 64, which represents the overall tax amount from both general and simplified regimes.
- Australia -Updated the value of GST payable or refundable to show the total result calculated in Box 9 (Total GST), including additional tax amounts on top of the difference between GST on purchases (reported in Box 1A) and GST on sales (reported in Box 1B).
- Hungary -Introduced a condition for calculating the VAT position. It now considers either the refundable tax amount in Box 85 or the carried-forward tax amount in Box 86, depending on whether a VAT reimbursement has been requested by ticking the relevant box in the Company Information sheet.
- Saudi Arabia -Updated the VAT due/repayable to take the VAT amount from box 16 to include both VAT due in current period in box 13 as well as the VAT credit from the prior period.
Tax Codes
New Tax codes to cover scenarios previously not covered in OIC.
Czechia -
New tax codes added to allow reporting domestic purchases with Non-Recoverable and Partially Recoverable input VAT amounts under all tax rates in this jurisdiction:- Domestic purchase of goods - fixed assets - partially recoverable (AP_DOMPURGDSFAX)
- Domestic purchase of goods and services - partially recoverable (AP_DOMPURGDSSRVX)
- Domestic purchase of goods - fixed assets - not recoverable (AP_DOMPURGDSFA100)
- Domestic purchase of goods and services - not recoverable (AP_DOMPURGDSSRV100)
E-filing and Coverage Expansion
United Kingdom -
Following the 2024.09 release, users can submit VAT returns for periods longer than 365 days that comply with HMRC regulations and avoid errors.Norway -
Enabled filing of corrective VAT returns. A new dataset for the same entity and reporting period must be created with purpose Corrective as the already filed return and the users can submit corrected returns.SAF-T Digital Tax Reporting
Lithuania i.SAF -
Updated the logic in line with the schema requirements to allow reporting of empty values in the mandatory fields InvoiceType
and SpecialTaxation
to avoid unnecessary validation errors.Romania and Norway SAF-T -
Suppress transactions from being included in the filing output if on aggregate all Opening and Closing Balances in the General Ledger Entries equal zero.Other Enhancements
Introducing ONESOURCE Notifications:
In this release, we’ve added a new notification system for automated SII uploads in ONESOURCE. If an automated SII submission fails, you’ll receive an email alert.This feature is controlled by the “disable SII notifications” setting under “ONESOURCE notifications” in the product permissions page. By default, this setting is enabled, meaning notifications are turned off. If you uncheck this setting, you’ll be notified of any failed automated SII uploads.
The email will inform you about the failure and prompts you to log in to the ONESOURCE Indirect Tax platform to fix any errors. You’ll only receive 1 email per failed submission, regardless of the number of failures. The notification frequency matches the frequency set for automated SII uploads in the application.
For any further queries and more information on this functionality, please contact TR support.
note
Navigation:
Administration, Production Permission, then ONESOURECE Notification.Incorporation of 20 DataString Fields into The Transaction Type Import:
An enhancement to our transaction import functionality. In our latest update, we've added 20 additional DataString fields
to the transaction import type.This improvement is designed to provide our users with greater flexibility and the ability to include more detailed information in their transaction data, facilitating better data management and analysis capabilities.
Returns
Enhanced Export for Accurate Excel Filtering:
Enhanced the export functionality to ensure data is properly filtered in Excel, even when the workbook contains blank cells.Imports
Resolved Import Failures for Austria Jurisdiction -
We've addressed a critical issue observed where imports from Austria were erroneously failing due to an Allocation Failed error
(due to mismatch of template versions), despite the presence of available mappings. Users can now expect consistent and reliable import functionality, reflecting the correct allocation based on the existing mappings. Fixed Issues with Editing Transactional Fields Directly from Reports -
This fix restores the ability for users to edit the transactional fields of multiple transactions in a single attempt, enabling bulk edits directly from relevant reports. Consistent with edits performed from Active transactions of Import Details, users can now edit up to 50,000 transactions at once. The reports where the edit transactions option is available include:- ABN Transactional Information
- Transaction Details - Transactional Information with Returns
- Transaction Details - Transactional Information with Returns and Upload Status
- View Import Warnings
note
This fix still needs to be applied for the Transactional VAT Number validation report and is planned for the upcoming release.
Enhanced Import Wizard Excel Library -
We updated the Import Wizard to support the latest Excel libraries allowing the tool to continue to support all forms of data files such as XLSX, XLS, XLSM, TXT, CSV, and etc. This update ensures continued compatibility and reliable data import for various Excel file types.Improved Processing Speed for PROMOTE Step of Import Process -
Optimized the Promote step (the final stage of import where it moves from Validating state to Promote Successful state, before the data is pushed into respective returns) to enhance the efficiency of the Import process. Implemented multi-threading, which means the operation is now expected to be done simultaneously. Extensive testing with datasets of up to 1 million transactions has demonstrated a substantial 12% median reduction in the processing time during the Promote phase of the import process.Reports
Introducing the New 'Audit Report for SFTP Rules Data -
Added a new audit report to our suite of reporting tools, the Audit Report for SFTP Rules Data
. This report is designed to provide comprehensive insights into the Secure File Transfer Protocol (SFTP) rules applied within your system. It offers a detailed audit trail that helps in monitoring and verifying the integrity of data transfer rules. This new report is an essential tool for enhancing data governance and security in your operations. This report will be accessible to system administrator and client administrator roles.Supported operations:
- Insert:This operation is applicable when a new configuration is added to the system.
- Update:This operation is designated for scenarios where an existing configuration is modified.
- Delete:This operation pertains to the removal of an existing configuration from the system.
Enhanced Tax Classification Box Mappings Report with New 'Box Number-Annual' Column -
Added an additional column to the Tax Classification Box Mappings report which can be accessed by selecting Box Number Annual
in the Show/Hide columns
gear icon. By introducing this column, users can efficiently track and analyze tax classifications over both monthly and annual periods.note
Select on the Show or Hide column icon and select the
Box Number-Annual
column to make this visible.Enhanced Clarity in 'TaxClassificationBoxMapping' Report with Updated ‘Jurisdiction Id’ Parameter -
To improve consistency and ease of understanding for users, we've updated the report parameter from Jurisdiction
to Jurisdiction Id
. This adjustment reflects the users input given as a jurisdiction acronym (for ex: NL) versus the name of the entire jurisdiction. This ensures a more uniform approach across all report parameters, enhancing the coherence and usability of your data analysis.This update will be applied to both the user interface and API, ensuring a smooth and integrated experience for all our users. This refinement is part of our ongoing efforts to optimize our tools and services to better serve your needs.
Updates for the E-Invoice Reconciliation Report -
We've addressed a computation discrepancy found in the Difference in Tax Amount
column of the E-Invoice Reconciliation Report. This update ensures that the values in the Difference in Tax Amount
are now accurately calculated.We’ve also updated the following column names in the report to be true for the E-invoicing import files:
Existing Column Name | Revised Column Name |
Amount VAT | Tax Amount (OIC) |
Amount E-Invoicing | Tax Amount (E-Invoicing) |
E-Invoicing VAT matchfield (E-Invoicing) | E-InvoicingVAT Matchfield (E-Invoicing) |
E-Invoicing VAT matchfield (VAT) | E-InvoicingVAT Matchfield (OIC) |
Other Updates
Resolved Issue with Updates to Entity Name of Filed Returns -
This is an important update concerning the handling of entity name changes for e-filed returns. With this fix, any modifications to entity names will no longer impact previously submitted returns. This improvement ensures the integrity and continuity of your financial records by preserving the accuracy of historical data, even when updates to entity names occur.This update doesn’t support backward compatibility.
note
This resolution involves some backend changes done to both the Return summary by tax Code and Returns Data – Return summary analysis report which doesn't alter the logic of the report. However, users who use the custom versions of these reports need to make another copy of these reports post 2024.09 release to continue working with the custom version of Return summary by tax Code and Returns Data – Return summary analysis report.
Enhanced Functionality for Dataset Management -
A recent update that addresses an issue with the Delete
option in our dataset management interface. Previously, users encountered a scenario where the Delete
option wouldn't enable when all datasets were selected. We've corrected this issue, ensuring that you can efficiently manage your datasets by enabling the Delete
option whenever all datasets are selected. This update improves the usability and responsiveness of our platform, facilitating smoother data management operations for all users.Intrastat Edits Improvement for Supplier VAT Number Changes -
We've addressed an issue where Intrastat edits were failing when the Supplier VAT Number was edited, due to missing TDS fields. This fix ensures that the necessary TDS fields are now properly included, allowing for successful updates and edits to the Intrastat records when changes are made to the Supplier VAT Number. This update improves the accuracy and functionality of Intrastat reporting, ensuring smoother processing and compliance management.Fix for Bulk Dataset Restoration Issue -
We've addressed the issue affecting the Restore
option when attempting to restore deleted datasets in bulk. This update corrects the functionality, ensuring that users can now successfully restore multiple datasets simultaneously without encountering errors. We appreciate your patience as we worked to enhance the system's reliability and streamline your data management processes.Updated Link to the New Help Page -
As of this release, we've migrated and revamped the ONESOURCE Indirect Tax help page. Effective immediately with the 2024.09 release, when users select Help
then Application
on the OIC platform, they get automatically redirected to the new help portal. This change ensures that all users have direct and streamlined access to the most relevant and up-to-date support resources, enhancing their ability to find solutions quickly and efficiently. Introduction of "No Auto-Rollforward" Option for Dataset Creation via APIGEE -
We’ve introduced a new parameter in our APIGEE integration
that enhances control over the dataset management. Users now have the option to specify the No Auto-Roll forward
parameter when creating new datasets through APIGEE whilst this functionality already exists through UI. This provides users with the flexibility to prevent datasets from automatically rolling forward, allowing for more precise data handling and management. Australia BAS Filing - XBRL to XML Toggle Removed from EFM Settings -
The setting that was previously introduced to facilitate users to switch between XBRL
and XML
filing type for Australia BAS E-filing has been removed from EFM
settings. However, this setting has been retained in the template if the user still needs to switch to XBRL.note
The Australian Tax Authority extended the support for XBRL indefinitely while the XML will be the latest file format that is supported. In the upcoming releases, the XML format will be set to default to comply with the ATO, with an option to switch to XBRL if needed.
Content Template Versions
VAT3AU11_10_348_TPL.XML
VAT3AUGRP11_10_234_TPL.XML
VAT3BH19_7_67_TPL.XML
VAT3BHGRP19_7_57_TPL.XML
VAT3CY14_3_110_TPL.XML
VAT3CYGRP14_3_82_TPL.XML
VAT3CZ16_8_376_TPL.XML
VAT3CZGRP16_8_224_TPL.XML
VAT3ES16_11_454_TPL.XML
VAT3ESGRP16_11_287_TPL.XML
VAT3ESANN15_11_164_TPL.XML
VAT3ESANNGRP15_11_158_TPL.XML
VAT3HU15_12_373_TPL.XML
VAT3HUGRP15_12_289_TPL.XML
VAT3KS17_6_126_TPL.XML
VAT3KSGRP17_6_91_TPL.XML
VAT3NOD2110_1_70_TPL.XML
VAT3PL16_12_298_TPL.XML
VAT3PT15_10_301_TPL.XML
VAT3PTGRP15_10_204_TPL.XML
VAT3RO16_7_454_TPL.XML
VAT3ROGRP16_7_263_TPL.XML
VAT3SI16_4_163_TPL.XML
VAT3SIGRP16_4_136_TPL.XML
VAT3SK16_8_267_TPL.XML
VAT3SKGRP16_8_204_TPL.XML
VAT3SG14_8_71_TPL.XML
VAT3SGGRP14_8_62_TPL.XML