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.