Comments from Tax XML on Invoice and Small Business Subset submission

Dear 
All,

 

The Indirect Tax 
Subcommittee of the Tax XML TC met yesterday to discuss their review of 
the small business subset schema and the UBL invoice.  Their 
comments are as follows:

 

1) In their opinion, 
the SBS submission is an implementation guide. As such, they do not believe 
it should be submitted as a standard.

2) There is no 
difference from a tax perspective in the requirements for reporting taxes 
for small businesses. If you are required by law to report and pay them, the 
requirements are the same, regardless of the size of the business.  For 
this reason, all data elements that have been identified as 
required for a large business are also applicable to a small business. It was 
also mentioned that a business who used software from a software vendor who 
claimed support for the small business subset with incomplete tax data elements, 
could potentially have serious problems if they were unaware of tax laws and 
assumed that they did not need to report additional tax information based on 
it's absence from the software.  

3) For the UBL 
Invoice, they would like further information on our definition of Tax Category 
and Item Tax Category.  After studying Stephen Greens questions, and the 
UBL issues list, it does not appear that their definition for these items is the 
same as UBL's.  Upon receipt of this additional information, they will 
answer Stephen's questions and submit additional comments.

4) Moving forward, 
they believe they can be of best assistance to UBL by providing examples and 
explanations of how tax data elements can be used in UBL messages.  I 
suggested that this item be discussed in the newly formed Purchasing 
subcommittee. 

5) The Indirect Tax 
Subcommittee members have offered to be available via email and to participate 
in pre-scheduled meetings for further discussions as needed.

 

Regards,

Sylvia 
Webb