In the EC VAT module you define and maintain the information
required to produce the EC Sales Lists (ESL) and Supplementary
Declarations (SD) including country codes, modes of
transport, terms of delivery and commodity codes. Nature
of Transaction Codes are also maintained in order to
complete the relevant part of the Supplementary Declaration
for Intrastat purposes, and Commodity Codes are maintained
for Intrastat purposes as identified in the Intrastat
Classification Nomenclature (ICN).
If you are using foreign currency accounts, appropriate
VAT rate codes for EC Sales and Purchases can also
be set up. This module will then collect information
needed to produce VAT returns for trading with EU member
countries.