To select one tax procedure TAXEUR versus separate tax procedures for EU
We have 8 European company codes in scope and we are struggling to choose separate tax procedure for each country versus TAXEUR for all countries (Belgium, UK, Germany, France, the Netherlands, Spain, Italy and Luxembourg). We have a combination of tax codes multiplied by number of countries a total of approx. 500 tax codes and we think that if we choose one tax procedure TAXEUR then we need to only maintain tax codes specific to countries where they are appied and this will result in simplified tax code maintenance.
Example: If we have the following tax codes:
G1 - UK VAT
G2 - UK VAT 0%
B1 - Belgian VAT
B2 - Belgian VAT
We want to maintain VK11 condition and FTXP settings for G1 and G2 in UK only and not in Belgium.
Similarly, we want to maintain B1 and B2 in BE only and not in UK using TAXEUR.
If we use separate tax procedures TAXB for Belgium and TAXGB for UK then we need to maintain G1, G2, B1 and B2 in both the countries BE and GB. Using TAXEUR we hope that the tax codes maintenance should be simplified. There is a "reporting country" field inside FTXP tax code properties and this should be used to identify the tax code to a particular country.
Unfortunately using the TAXEUR and with the above mentioned settings, the invoice is not getting released to accounting until we extend the tax codes to both the countries. We are wondering what is the advantage of using TAXEUR?
How was your experience and do you have a solution?
Thanks a lot