VATupdate

Restrictive changes to Immediate Supply of Information system effective October 2019

Important changes include, amongst others, the following:

  • SAD number must be consistent with the invoice number;
  • All net amount and VAT amount fields must match up with the VAT rate recorded in the SII;
  • The deductible VAT amount field may not be higher than the VAT amount recorded in that invoice;
  • If there is data recorded in the VAT amount and net amount fields, it is also compulsory to record the VAT rate; and
  • ‘Approved with Errors’ status will no longer be available. Instead, all such transactions will be ‘Rejected’. Further error codes will be introduced.

Source: accordancevat.com

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