SAP Knowledge Base Article - Preview

2749456 - Expert Webinar: How to Comply with UK Making Tax Digital Using SAP Localization Hub Advanced Compliance Reporting Service (SLH – ACR Service)

Symptom

This SAP KBA is relevant for United Kingdom only.

Target audience:

  • SAP Fin Lead
  • Tax Manager
  • Tax Director
  • CFO

Knowledge level:

  • Intermediate

Prerequisite notes:

2728767 - Definition of tax boxes for UK VAT return

2714933 - ACR on SLH: technical prerequisite

2700475 - ACR on SLH: GB VAT

2692267 - Enhance 0FI_TX_4 by VATDATE, H2BAS, H3BAS, H2STE, H3STE, HWAE2, HWAE3

2676853 - VG_CUST Cluster View - - DDIC Objects

2580345 - Enhance 0FI_TX_4 by BUPLA, EGBLD, EGLLD

2232584 - Release of SAP extractors for ODP replication (ODP SAPI)

This document contains a 6-minute Webinar on the topic "UK Making Tax Digital through SAP Advanced Compliance Reporting".

The webinar explains how to use SAP Advanced Compliance Reporting Service to comply with UK HMRC's Making Tax Digital initiative. The intention of this webinar is to demonstrate the simplicity of compliance with the UK HMRC's Making Tax Digital Initiative.

Steps highlighted in the webinar:

            1. Configure report

              • Creating Reporting Entity 
              • Provide Reporting Category 
              • Provide user authorization 
              • Assign user's reporting level 
              • Configure report settings like period, financial year etc 
              • Assigning VAT number

            2. Configure for VAT Submission

              • Authenticate and Authorize with HMRC login

            3. VAT Generation process

              • Generate VAT report. 
              • Check overall 9-Box return 
              • View detailed VAT return Analytics

            4. Submission to HMRC

              • Submit to HMRC 
              • Acknowledgement from HMRC about submission status  

            Duration: 5:26 minutes

            "Image/data in the video is from SAP internal systems, sample data, or demo systems. Any resemblance to real data is purely coincidental."


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            Environment

            • SAP S/4HANA
            • SAP ERP

            Product

            SAP ERP all versions ; SAP S/4HANA all versions

            Keywords

            MTD, Making Tax Digital, UK MTD, ACR, Advanced compliance reporting, UK VAT, SAP Localization Hub, Webinar, Finance, GB VAT, HMRC, UK, GB VAT, tax compliance, VAT report, digital tax , KBA , XX-CSC-GB , Great Britain , FI-LOC-FI-GB , Great Britain , How To

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