UK Submit VAT Return via CSV Overview
UK Submit VAT Return via CSV enables you to import a custom VAT100 Return report in CSV format into NetSuite. You can then submit the report to His Majesty's Revenue and Customs (HMRC) using the Making Tax Digital (MTD) connection.
The purpose of the UK Submit VAT Return via CSV feature is a possibility to import VAT100 Return report to NetSuite for customers that are not able to use the standard VAT100 return due to certain scenarios not currently supported by NetSuite, such as:
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the subsidiary's base currency isn't GBP
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specific adjustments due to non-deductible expenses of VAT regimes or VAT calculated based on the margin
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sales via alternative nexuses (distance selling) that need to be added to the VAT return offline
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group reporting and reports with high volumes