VAT Reports and Settlement of VAT period

The VAT Statement report in Microsoft Dynamics NAV is a schedule which can be configured by the user in order to settle VAT. This can be design to facilitate the filing of the VAT Return.

The Calc. and Post VAT Settlement is the function which will ultimately settle the VAT for the period in the VAT Entries table and G/L Entry. It is highly recommended that both reports are matched before the settlement is posted