New support for value-added taxation (VAT) helps organizations in the European Union to sell to and support their EU customers.
Separate, linked invoices for events adjustments
The new Event System Preferences option to Create Separate Invoices for Events Adjustments makes it easier to track and print registration adjustments for both online and on-site events, to help you comply with regulations related to VAT invoicing. With this option, every adjustment generates a new invoice document (credit note or positive adjustment), which uses the date of the adjustment, lists any credits or debits, and references the original invoice.
This option links multiple invoices to a single user event registration, so that, when a user registers for an event, any billing information is associated with an initial invoice. Once that invoice is printed, any subsequent changes are then associated with a new invoice. You can view and print these invoices from Events > Register a customer > Account Info tab.
Note that enabling this option affects new event registrations only; existing registrations retain their consolidated, single invoice.
VAT evaluation by Ship To / Recipient
If your default organization is VAT-enabled, a new section appears in iMIS Desktop, in AR/Cash > Set up module:
If you use VAT, you can control whether iMIS evaluates VAT using the information of the recipient (Ship To) contact instead of that of the Bill To contact. That is, if shipping to a different person, that person's contact data determines the tax.
Tax based on: lets you change the method that iMIS uses for evaluating taxation.
■ Bill to data - Applies VAT based on the Bill to contact’s location and VAT tab settings (such as being flagged VAT Exempt).
■ Ship to / Recipient data - (default) Applies VAT based on the Ship to location and the recipient’s VAT tab settings. This supports point-of-sale requirements for which contacts have different Ship to addresses or make purchases intended for others, such as a manager registering an employee at a different site.