Taxation (Accounts With SuiteTax)

The following table describes taxation features in United Kingdom:

Feature	Description	Prerequisites
Automatic Tax Record Provisioning for VAT Countries	Your tax records are created when you select SuiteTax as your tax engine. SuiteTax enables you to use different tax engines per nexus. To begin provisioning your tax records, assign a tax registration to the subsidiary or company in SuiteTax.	Your NetSuite account administrator must submit a SuiteTax enablement request and enable the SuiteTax feature in your NetSuite account. See Enabling the SuiteTax Feature. Install the following SuiteApps: SuiteTax Engine (see Installing the SuiteTax Engine and Enabling the SuiteTax Plug–In) SuiteTax Data Records (see Installing the SuiteTax Engine)
Reverse Charge Posting	This feature is a part of the core SuiteTax functionality and no longer requires any additional SuiteApp.
Editing Default Tax Codes for Nexuses	When using the SuiteTax Engine, default tax codes are automatically provisioned for nexuses. After the SuiteTax Engine is installed, it is suggested that you review and edit the default tax codes for each nexus.
Setting Up Compliance Text on Reverse Charge Sales Invoices	The SuiteTax Engine enables you to configure the extra information required for invoices where the customers are liable for tax (sale subject to reverse charge mechanism). The compliance text is shown on invoices that use tax codes with tax types where Reverse Charge for Sales is enabled. The compliance text default configured language and text is in English. Configuration for other languages is also available. To setup compliance text, you'll need to configure this feature in the nexus preferences and in the invoice templates.
VAT Returns	The VAT100 report is available for the UK, including submissions via Making Tax Digital for VAT. For importing custom VAT100 report to NetSuite, see UK Submit VAT Return via CSV For more information on U.K. VAT reports, see United Kingdom Localization.	Install these SuiteApps in the following order: SuiteTax Engine (see Installing the SuiteTax Engine and Enabling the SuiteTax Plug–In) SuiteTax Data Records (see Installing the SuiteTax Engine) Tax Reporting Framework (see Installing Tax Reporting Framework) EMEA Localization (see Prerequisites for Installing the EMEA Localization SuiteApp and Installing the EMEA Localization SuiteApp) United Kingdom Localization SuiteApp (see Prerequisites for Installing the United Kingdom Localization SuiteApp and Installing the United Kingdom Localization SuiteApp)
Making Tax Digital for VAT	The MTD for VAT feature enables you to digitally record, generate, submit, and retrieve the United Kingdom VAT100 Return from HMRC through the VAT (MTD) API.
EU Reports	The following EU reports are available for the UK: EU Sales List Intrastat For more information, see United Kingdom Localization.

Feature

Description

Prerequisites

Automatic Tax Record Provisioning for VAT Countries

Your tax records are created when you select SuiteTax as your tax engine.

SuiteTax enables you to use different tax engines per nexus. To begin provisioning your tax records, assign a tax registration to the subsidiary or company in SuiteTax.

Your NetSuite account administrator must submit a SuiteTax enablement request and enable the SuiteTax feature in your NetSuite account. See Enabling the SuiteTax Feature.

Install the following SuiteApps:

SuiteTax Engine (see Installing the SuiteTax Engine and Enabling the SuiteTax Plug–In)
SuiteTax Data Records (see Installing the SuiteTax Engine)

Reverse Charge Posting

This feature is a part of the core SuiteTax functionality and no longer requires any additional SuiteApp.

Editing Default Tax Codes for Nexuses

When using the SuiteTax Engine, default tax codes are automatically provisioned for nexuses. After the SuiteTax Engine is installed, it is suggested that you review and edit the default tax codes for each nexus.

Setting Up Compliance Text on Reverse Charge Sales Invoices

The SuiteTax Engine enables you to configure the extra information required for invoices where the customers are liable for tax (sale subject to reverse charge mechanism). The compliance text is shown on invoices that use tax codes with tax types where Reverse Charge for Sales is enabled.

The compliance text default configured language and text is in English. Configuration for other languages is also available.

To setup compliance text, you'll need to configure this feature in the nexus preferences and in the invoice templates.

VAT Returns

The VAT100 report is available for the UK, including submissions via Making Tax Digital for VAT.

For importing custom VAT100 report to NetSuite, see UK Submit VAT Return via CSV

For more information on U.K. VAT reports, see United Kingdom Localization.

Install these SuiteApps in the following order:

SuiteTax Engine (see Installing the SuiteTax Engine and Enabling the SuiteTax Plug–In)
SuiteTax Data Records (see Installing the SuiteTax Engine)
Tax Reporting Framework (see Installing Tax Reporting Framework)
EMEA Localization (see Prerequisites for Installing the EMEA Localization SuiteApp and Installing the EMEA Localization SuiteApp)
United Kingdom Localization SuiteApp (see Prerequisites for Installing the United Kingdom Localization SuiteApp and Installing the United Kingdom Localization SuiteApp)

Making Tax Digital for VAT

The MTD for VAT feature enables you to digitally record, generate, submit, and retrieve the United Kingdom VAT100 Return from HMRC through the VAT (MTD) API.