R2024.12 | December 2024
Key highlights
The key highlights in this release solve some of your business challenges and gives you an improved experience with our product.
- Business challenge:We've identified difficulties in reporting additional transactions after the initial tax return submission.
- Solution:The new Supplementary Corrective Returns feature lets you target corrections by submitting only the missed transactions, ensuring compliance and accuracy without duplicating data.
- Product update this release:Introduction of Supplementary Corrective Returns, enabling precise tax filing corrections.
- Business challenge:Tax filing teams work to create strong processes and make recurring filing tasks easier. They work with tax authorities to file returns on time and accurately.
- Solution:Increasing the supporting file formats within the platform makes the submission process easier.
- Product update this release:The platform now lets you export Ireland Intrastat filings in XML format, which lets you submit listings directly on the online services website. Previously, only CSV format was supported, which could only be uploaded via the ROS offline application.
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.
Finland VAT return -
Small-business VAT relief and cash basis accounting will no longer be reportable after December 2024. As a result, we removed the following boxes related to this data from the return: 315, 316, 317, 336.Indonesia VAT return -
Starting January 1, 2025, the standard VAT rate increases from 11% to 12%. New tax codes were added to enable reporting under the new rate for periods beginning in January 2025.Luxembourg -
We've revised the annual VAT return and reflected the following changes in the Return summary:- Added new boxes 481, 482,491, 492 and 493 for Annual.
- Removed boxes 166,106 and 107 (Appendix).
- Modified rules for box 021.
- Updated the logic in the e-filing schema and added the updated PDF form to the return.
Luxembourg Periodic VAT return -
We've revised the periodic VAT return and reflected the following changes in the Return summary: - Added new boxes for periodic return (481, 482, 491, 492 and 493).
- Modified rules in box 021.
- Updated the logic in the e-filing schema and added the updated PDF form to the return.
Slovakia VAT return -
Starting January 2025, the VAT rate increases and will have new tax codes to accommodate these changes. - Standard VAT rate to increase from 20% to 23%.
- Reduced VAT rates to change from 10% to 19%.
- Reduced VAT rate of 5% remains unchanged.
VAT returns and listings
Belgium -
We've added a tick box to the Company Information sheet that enables a custom setting to exclude reporting of VAT amounts on certain Reverse Charge credit notes for special scenarios allowed in the Belgium reporting. We've also added adjustment boxes to the return summary for manually adjusting the amounts reported in boxes 61 and 62.Bulgaria -
Updated the logic for reporting values in box 30 of the VAT return and the purchase listings related to tax codes with irrecoverable input VAT. Box 30 should contain Net amount values for a number of mappings as well as the input VAT amount from non-recoverable tax codes to ensure correct reporting.Czechia Control Statement -
Automation of value for field "Deduction Adjustment" for Section B.2. of the Czechia VAT Control Statement. The system currently hardcodes the field as the value NO
. After the change, users can import the value as a YES
or NO
. The field is mapped with the OIC field Eligibility
.We updated the logic to replace the country code with EL, even if the client's data populates it with GR. EL is the valid country code for Greece accepted by the tax administration.
Czechia -
We've added signatory details to the Company information and linked to the corresponding Information sheets of VAT, ESL and CS Returns.Italy ESPL listings report -
We've updated the logic to use Net amount from import details instead of TransactionAmountNet to let you use the converted values when foreign exchange rates are applied in OIC.UAE -
We've updated the manual upload data sheet to allow users to import data to this sheet if it's included in the return and extract the data as part of reports.New Zealand -
We've added validation errors to the return summary to assist users with the completion of the return in case of boxes that don't support negative amounts.Spain annual VAT return -
We updated the annual VAT return mappings for Spain to include the following tax codes recently added to periodic returns: - A 2% tax code for the domestic supply of goods.
- A 2% tax code for the domestic purchase of goods.
- Tax codes for reporting the surcharge as a separate transaction line for the small retailers scheme.
Other adjustment report -
Enhancement to include Other Adjustments (S3) sheet. This sheet supports manual adjustment boxes and manual return boxes on Return Summary Analysis sheet. This sheet lets users import and report on multiple adjustments for each of these boxes on the return.This is released for the following jurisdictions: New Zealand, Lebanon.
Invoice Type (Invoice & Credit Note) presentation in return
Invoice type (Invoice & Credit Note) lines will now appear in 2 different rows in the return, instead of being combined into 1 row on the return. This is to provide greater visibility of adjustments to INV/CN amounts. If Invoice Type overrides are used in the import specification to treat negative amounts as INV, then the data gets combined up to 4 rows per tax code, as defined in the following:
- Positive value, INV
- Negative value, INV (Adj flag ticked)
- Negative value, CN
- Positive value, CN (Adj flag ticked)
We've introduced this to the following jurisdictions: Bulgaria, Finland, Indonesia, Ireland, Italy, Luxembourg, Poland, and UAE.
Tax codes
Italy -
We've adjusted the tax code metadata to ensure tax codes AP_DOMPURGDS_D, AP_DOMPURGDSXT_D and AP_DOMPURGDSXD_D are correctly captured in reports.France -
We've adjusted the tax code metadata to ensure tax code AP_RCPURAUTH is correctly captured in reports.Ireland -
We've adjusted partially recoverable tax codes to let you import values to the Irrecoverable Percentage field and apply custom recoverability percentage.E-filing and coverage expansion
Ireland intrastat xml output -
We've added the ability to export filing output in the XML format which allows users to submit the listings in the online services website. The previously supported CSV format can only be uploaded to the offline application.Italy Vat return e-filing -
We've adjusted the format of Date of Undertaking to string when it's extracted for the purpose of e-filing to comply with the schema requirements.Germany Annual return -
We've made updates based on the change in the validation rules for box 211 in the XML generation logic for years 2023 and 2022 to stop exporting the box as 0 if there's no value.Spain VAT e-filing -
We've adjusted the reference to period when the XML output is generated for filing purposes to ensure the information is correctly captured depending on periodicity.Returns
Data Transfer Between Returns:
We enhanced the indicator to show more detail in the discrepancies between the periodic and annual returns.Bulk Return Status Update:
We've addressed an issue where users were unable to change the status of multiple returns from the Returns
screen.Advanced Import Wizard Usability:
We've enhanced the advanced import screen to retain user selections if the popup to select a file is closed without selection.API updates
Resolved Communication Issue for New Clients
We resolved an issue that prevented newly created clients from communicating via API and UI when the
Apply same permissions to all clients
option was selected in Administration. With this fix, UI access and API calls should now function as expected without requiring additional intervention.Optimizing Memory Usage for Large Reports via API
We resolved a problem that kept large reports in the
In Progress
state during API generation. High memory consumption caused this issue, which is now fixed. Large report generation now functions as expected.Imports
Enhanced Error Messages on Imports:
We've improved error messages displayed on imports for users to better understand the corrective steps that need to be taken to rectify the error. This improvement helps users better understand and resolve issues, leading to a more efficient workflow.Key benefits:
- Clarity:We've rewritten error messages to provide straightforward and easy-to-understand explanations of issues seen.
- Detail:We've included additional information 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.
Improved Clarity for Spain SII Import Warnings
We've updated the prefix for Spain SII import warnings from
IWES
to Spain
. This change makes the warnings more intuitive and easier to interpret.Supplementary Corrective Returns
We're excited to introduce a new feature called Supplementary Corrective Returns, which is currently being piloted with select customers. The Supplementary Corrective Returns feature designed to enhance the accuracy and efficiency of tax filings. This feature addresses the common challenge businesses face when additional transactions are identified after the initial tax return submission.
Traditionally, corrective returns required resubmitting all transactions, including those already reported. However, Supplementary Corrective Returns simplify the process by letting businesses submit only the newly identified or missed transactions. This approach not only ensures compliance with tax regulations but also maintains the integrity of the original data, avoiding unnecessary duplication.
If you're interested in learning more about the Supplementary Corrective Return, please contact customer support or your TR contact.
Reports
Resolved data population issues in 'Tax Codes by Transactions' report:
We've fixed the issue of missing data when the Tax Codes by Transactions
report is run, and the output format is set to Excel. This fix ensures that all relevant transaction data is correctly displayed and fully accessible in the Excel format. Resolved scattered view of data on Drill Down & Active transaction Screens:
We've addressed and resolved the problem of a scattered view on the drill-down or active transaction screen that some users encountered when filtering a column without data, such as the Comment
column. With the recent update, we've improved the functionality of the drill-down feature to ensure a simplified experience even when filtering columns with empty entries. This enhancement aims to provide users with a more efficient and reliable way to view detailed data.Other updates
Enhanced Default Template Selection for Dataset Creation in Australia:
We've updated the default template selection process for creating datasets in the Australian jurisdiction. Now, when users create a dataset for Australia, the system will automatically select the Australia GST Single
or Australia GST Group
template as the default option. This selection occurs even when the Australia GST Analytical Tool (GAT)
license is enabled. However, users still have the flexibility to choose a different templates version based on their specific requirements. Moreover, when users engage in operations such as Edit, Copy, or Roll Forward, the selected template will remain consistent throughout the process.
Improved Export File Naming Convention-Switzerland:
We've enhanced the export file naming convention to improve uniqueness and clarity. Previously, export files were named using only the year. With this update, we've added the return month to the file names, making it easier to identify and manage files.For monthly returns, the file name will now include the return month and for other periods, the file name will include the last month of the period.
Existing naming convention: 2024 1201 CH-CNG AS GROUP VAT Export XML
Updated naming convention: 2024 08 1201 CH-CNG AS GROUP VAT Export XML
Content template versions
- VAT3AE17_6_152_TPL.XML
- VAT3BE15_7_202_TPL.XML
- VAT3BEGRP15_7_131_TPL.XML
- VAT3BG13_7_163_TPL.XML
- VAT3BGGRP13_7_60_TPL.XML
- VAT3CZ16_8_398_TPL.XML
- VAT3CZGRP16_8_244_TPL.XML
- VAT3ES16_11_495_TPL.XML
- VAT3ESGRP16_11_322_TPL.XML
- VAT3ESANN15_11_179_TPL.XML
- VAT3ESANNGRP15_11_173_TPL.XML
- VAT3FI12_4_139_TPL.XML
- VAT3FIGRP12_4_91_TPL.XML
- VAT3FR15_10_235_TPL.XML
- VAT3ID11_3_38_TPL.XML
- VAT3IDGRP11_3_35_TPL.XML
- VAT3IE14_9_257_TPL.xml
- VAT3IEGRP14_9_158_TPL.xml
- VAT3IEANN14_9_115_TPL.xml
- VAT3IT16_8_230_TPL.XML
- VAT3ITGRP16_8_156_TPL.XML
- VAT3LU15_9_317_TPL.XML
- VAT3LUGRP15_9_214_TPL.XML
- VAT3LUANN15_9_162_TPL.XML
- VAT3LUGRPANN15_9_131_TPL.XML
- VAT3NZ11_3_62_TPL.XML
- VAT3NZGRP11_3_44_TPL.XML
- VAT3PL16_12_301_TPL.XML
- VAT3PLGRP16_9_170_TPL.XML
- VAT3PT15_10_308_TPL.XML
- VAT3SK16_8_275_TPL.XML
- VAT3SKGRP16_8_210_TPL.XML