How to create a Tax Year End Instance for reporting and submissions
Description
The system automatically creates a copy off your company as at year-end when you selectStart New Period to a new tax year. We follow this process for all tax countries.
You'll use this instance to generate year-end reports and tax certificates. It remains accessible as a separate instance, allowing you to extract data at any time.
Cause
Resolution
From your current tax year, select Start New Period into the new tax year.
The system automatically creates a tax year-end instance for the previous tax year.