R2024.11 | November 2024
KEY RELEASE HIGHLIGHTS
The key highlights in this release solve some of your business challenges and gives you an improved experience with our product.
- Business challenge:Tax filing teams need efficient and robust processes to file returns in a timely fashion and avoid unforeseen penalties and issues.
- Solution:Automate various checkpoints of standardized processes reducing delays and improving auditability.
- Product update this release:ONESOURCE events for SFTP imports.
- Business challenge:Global businesses can improve process efficiencies through regular legislative updates and ensuring compliance
- Solution:Provide you with a single solution for global filings across many jurisdictions so you can focus on implementing common processes across your teams.
- Product update this release:Introducing Slovakia postponed accounting system for import VAT
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.
Slovakia
- Introduced postponed accounting for import VAT effective July 1, 2024.
- New tax codes for import transactions with deferment:
- Import with deferment or license (AP_IMPGDSDEF)
- Import with deferment or license - not recoverable (AP_IMPGDSDEF100)
VAT returns and listings
Australia
Monthly BAS with Quarterly FBT/PAYGI/PAYGW option lets you override default return list and prefill period in Monthly calculations. Transfer of negative amount for boxes 1A and 1B now considers the Deferred GST amount from box 7A.
Bahrain
Fixed the format on the manual adjustment checkbox related to box 18b in the Return Summary analysis.
France
Formula update to include Reverse Charge - Domestic purchase with author rights in the sum for box T7. Fix for the tax code Reverse Charge - Domestic purchase with author rights in box 20.
Hungary
Amended conditions for presenting the final VAT payable or reclaimable position in Management Information (B sheet).
Italy
Amended order of columns in the Monthly Return Summary and Periodic VAT settlements for chronological display.
Lebanon
Introduced partial exemption calculation with new C sheets for recoverable VAT and annual adjustments.
Netherlands
Enhanced ESL listings report for corrections, including Goods, Services, and Triangulations.
Romania
Updated logic of RO 394 for scenario with transactions relevant to partner type=2.
Slovakia
Intrastat Arrivals and Dispatches are exported into separate XML files.
Spain
Enabled reporting for
form 322
with analytics reflecting field numbers and mappings.Other Adjustments
Added Other Adjustments (S3) sheet for guide adjustments in various jurisdictions. This is released for these jurisdictions: Bulgaria, Denmark, Germany, Ireland, Lebanon, New Zealand, Portugal Azores, Madeira, Slovakia, Switzerland, South Africa, Spain Annual template, and United Arab Emirates.
United Arab Emirates
Removed incorrect Input Tax Adjustment from Partial Exemption summary.
United Kingdom
Amended metadata for Box 5 in return summary analysis.
Tax codes
New Tax codes to cover scenarios previously not covered in OIC.
Bulgaria
- New tax codes for VAT on private use supplies:
- Supply of goods for private use (AR_SPLYGDSPRIVUSE)
- Supply of services for private use (AR_SPLYSRVPRIVUSE)
New Zealand
Amended irrecoverable percentage override for custom recoverability rates.
United Arab Emirates
- We added a new tax code to allow reporting of transactions related to Adjustments to goods imported into the UAE in box 7 which previously only supported guide entry. OIC lets both methods populate the option in the return. Transactions using this tax code are also included in the partial exemption calculation.
- Adjustment to goods imported (AP_IMPGDSADJREV)
- We added new tax codes with an exempt rate to be included in ESL but excluded form VAT return reporting. We also added additional sheets in the listing section and enabled the reporting for the Netherlands.
- Consignment Stock - Fill Up AR_CONSSTOCKFUP_E
E-filing and coverage expansion
Italy
We automated the naming convention of the XML output of Italian VAT return to match the required pattern 'Country code''Tax code'_LI_'YYYYQ' to ensure compliance with the tax administration requirements.
Switzerland
We updated the schema to capture previously missing boxes with VAT amounts related to reporting periods prior to January 2024 (VAT on supplies and acquisitions under old rates apply until 31.12.2023).
Poland
The listings report should not include 0 value lines even if the total amount on aggregate is more than 0 but less then 0.5 and the value is rounded down to 0. The rounded down 0 lines are now excluded from the filing output however will still be displayed in the reporting sheets to ensure visibility.
Returns
Workbook API
We resolved the issue with uploading data to returns via the Workbook API (UpdateReturnStatus API), enabling you to populate their data successfully.
Advanced import
Enhancements to the Advanced Import feature now support integrating data from multiple files into a single return, along with UX improvements. These include adjustments for zooming over 100%, navigation restrictions, and file type limitations, initially supporting only XLSX and CSV files.
ONESOURCE Events for SFTP Imports
The ONESOURCE events functionality, which previously supported API and manual imports to track import statuses, has now been extended to include SFTP imports as well. With this enhancement, you can receive information about the status of your imports—such as success, failure, or partial success—via events, eliminating the need to log into the application to check details.
Restrictions on return status changes in Workbook for read-only entities
Users who can only view entities can no longer change return statuses in the workbook. We've removed the dropdown menu that previously allowed status changes. If you try to change a return status from the returns screen for an entity you can only view, you'll see a clear error message. This message will explain that you can't change the status because you have read-only permission for one or more of the selected entities.
Data synchronization issues for group return
We've identified some situations where data might not transfer correctly from child returns to group returns. While we're working on a complete solution, we've added a new UI indicator in the group return screen to help you spot these issues. This indicator will alert you if there are any data transfer problems from child returns. You'll see this indicator only for group returns created after the November release.
Imports
Enhancement to errors grid: Entity Name column added
We made an enhancement to the existing error grouping functionality in the Errors grid. The "Entity Name" column now appears whenever allocation errors related to exchange rates occur during imports, providing additional context for easier issue identification. For other types of errors, this column will remain blank. The update aims to streamline error investigation, while maintaining the existing behavior for grouped allocation errors.
Reports
Custom reports
We fixed incorrect formatting issues in the ‘Amount’ column to ensure values are identified as numbers, not text, maintaining proper formatting when exported to Excel.
Commodity Code Transaction report
We resolved the issue where the commodity code status was not populating, ensuring smooth functionality and complete information display.
Excel Report generation
We solved the problem preventing you from generating reports in Excel format, facilitating easy data processing and presentation.
Tax Rate Discrepancies report
We addressed the "Failed requeued" error during export, ensuring successful report export for accurate and timely tax rate analysis.
Other updates
TDS domain creation
This release resolves issues in creating the TDS Domain for newly established multi-client (OCM) databases. The update ensures automatic setup during the creation of any new multi-client database, facilitating seamless tax deduction at source compliance and management.
Spain SII_Invoices_Issued
The system now resolves the issue of triggering an import warning when the input source file contains empty/blank field values, accommodating any non-mandatory SII fields. The warning will only appear if the field value in the source file is neither 'N' nor 'S'.
Digital Reporting Entity Information screen
This release resolves issues in manually entering entities and saving data for existing entities.
Connection issues for Norway digital authorization period
In this update, we've fixed the problems with activating digital connections for Norway. Now, the system will automatically keep your authorization active and connected for a full year. This means you won't have to repeatedly connect when you want to file declarations.
Returns
We fixed a problem that was preventing the creation of Annual returns for Austria. The issue occurred because of an extra line in the description of some entries in the Manual Upload sheet. This extra line only affected single returns linked to annual returns.
Content template versions
VAT3AE17_6_150_TPL.XML
VAT3AEGRP17_6_108_TPL.XML
VAT3AU11_10_349_TPL.XML
VAT3AUGRP11_10_235_TPL.XML
VAT3BH19_7_69_TPL.XML
VAT3CH14_5_130_TPL.XML
VAT3CHGRP14_5_118_TPL.XML
VAT3DE15_12_267_TPL.XML
VAT3HU15_12_377_TPL.XML
VAT3HUGRP15_12_292_TPL.XML
VAT3IEANN14_9_114_TPL.XML
VAT3IT16_8_226_TPL.XML
VAT3ITGRP16_8_152_TPL.XML
VAT3NL14_10_396_TPL.XML
VAT3NLGRP14_10_265_TPL.XML
VAT3NZ11_3_46_TPL.XML
VAT3PL16_12_300_TPL.XML
VAT3PLGRP16_9_169_TPL.XML
VAT3SA13_2_53_TPL.XML
VAT3SK16_8_273_TPL.XML
VAT3SKGRP16_8_208_TPL.XML
VAT3UK16_12_308_TPL
VAT3UKGRP16_12_206_TPL
VAT3LB20_2_46_TPL.XML
VAT3BG13_7_159_TPL.XML