Specifies if this VAT entry is to be reported as a service in the periodic VAT reports.
If you post a document that uses a VAT posting setup where the EU Service field is selected, the EU Service field on the corresponding VAT entry is also selected. The transaction can then be included in the periodic VAT reports that you must submit to the tax authorities.
Additional Information
Since 2010, services must be included in the VAT statements and other VAT reports for countries/regions in the European Union (EU). You can use Microsoft Dynamics NAV to generate periodic VAT reports that include services. Microsoft Dynamics NAV uses the VAT posting setup to distinguish trade with services from trade with physical goods.
VAT on services is reported differently in each country/region. For more information, see the What’s New topic in the section of the Microsoft Dynamics NAV Help for your country/region.
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