Set Up Company Tax ID (UK)

Security:

Set Up: Payroll - Company Specific (Accounting)
domain in the Core Payroll functional area.

Set Up: Company General
domain in the Common Financial Management functional area.

Record tax ID numbers for a company.

Access the

Edit Company Tax Details

task.

(Optional) On the

VAT on Payment

tab, for financial transactions, select

VAT on Payment

to record Value Added Tax (VAT) on payments instead of invoices.

For financial transactions, if you use

VAT on Payment

, select the

Default Tax Applicability

and

Default Tax Code

On the

Tax IDs

tab, in the

Tax IDs

grid, add information for each country for which the company processes payments.

Field	Description
Country for Tax ID Type	The prompt displays only the countries with Workday-delivered tax ID types.
Tax ID Type	For the United Kingdom, you have these options: COTAX : Corporation Tax number, where applicable. ECON : The Employer's Contracted-Out Number for pension schemes, where applicable. Employer Accounts Office Reference Number : The reference number for the employer's accounts office. A valid number is essential for RTI submission. Employer PAYE Reference : A valid number is essential for RTI submission. HMRC Office Number : A valid number is essential for RTI submission. UTR : Your self-assessment unique tax reference (SA UTR), if you’re a sole trader or partnership. VAT Reg No : Number for purchase orders and customer invoices. If you enter both COTAX and UTR , HMRC rejects your Employer Payment Summary. Workday makes these options view-only if you edit them in the Edit UK Employer Reference Details task: Employer Accounts Office Reference Number Employer PAYE Reference HMRC Office Number
Identification #	Enter the ID number for the selected tax ID type.
Transaction Tax ID	Select this check box to include this identification number on financial transactions, like customer invoices and purchase orders. If you don’t select Transaction Tax ID for any of the identification numbers you configure, financial transactions report the Primary Tax ID . Example: You configure 2 Tax IDs for your company. You select Transaction Tax ID for 1 of them. Workday includes that tax ID as the Transaction Tax ID on any invoices and purchase orders you generate for that company.
Primary Tax ID	Select to indicate this identification number as the Primary Tax ID for your business entity. If you didn’t select Transaction Tax ID for any of the identification numbers you configured, Workday finds and uses the Primary Tax ID. If you configured neither a Transaction Tax ID nor a Primary Tax ID for the business entity, financial transactions don't use tax ID, except for customer invoices where you selected Transaction Tax ID Required . You're unable to complete the customer invoice without configuring a Transaction Tax ID.