VRBL: Legal Monetary Totals

Legal monetary totals are those that are submitted to the Tax Authority.

Use the LegalMonetaryTotal element to model payments that are submitted as the legal record to the Tax Authority. These can be used in conjunction with the following:

These elements can be used in conjunction with the ones listed in this topic to specify the amounts that are used.

These elements are also checked to see if they meet the requirements for that country. For example, in Germany, the following logic is used:

Monetary Total Payable Amount = Legal Monetary Total Tax Inclusive Amount - Legal Monetary Total Prepaid Amount + Legal Monetary Total Payable Rounding Amount - sum of Prepaid Payment Paid Amount

The Modelling Totals and Calculations section explains how to model totals and tax calculations.

Restrictions

  • You need to ensure that the totals here are correct.
  • Only the amounts specified in the LegalMonetaryTotal element are submitted to Tax Authorities. If there is a discrepancy between the amounts in the LegalMonetaryTotal element and the others like AllowanceCharge, the totals in the LegalMonetaryTotal element are used.

Elements

ElementCardinalityDescription
Document Totals Group (Invoice/LegalMonetaryTotal/)1..1Groups information about the monetary totals in the Document.
Sum Of Invoice Line Net Amount (Invoice/LegalMonetaryTotal/LineExtensionAmount [@currencyID=])1..1Sum of all invoice line net amounts in the invoice.
Invoice Total Amount Without Tax (Invoice/LegalMonetaryTotal/TaxExclusiveAmount [@currencyID=])1..1The total amount of the Invoice without VAT.
Invoice Total Amount With Tax (Invoice/LegalMonetaryTotal/TaxInclusiveAmount [@currencyID=])1..1The total amount of the Invoice with VAT.
Sum Of Allowances on Document Level (Invoice/LegalMonetaryTotal/AllowanceTotalAmount [@currencyID=])0..1Sum of all allowances on document level in the Invoice. See Allowances.
Sum Of Charges on Document Level (Invoice/LegalMonetaryTotal/ChargeTotalAmount [@currencyID=])0..1Sum of all allowances on document level in the Invoice. See Charges.
Prepaid Amount (Invoice/LegalMonetaryTotal/PrepaidAmount [@currencyID=])0..1The amount to be added to the invoice total to round the amount to be paid. Must be rounded to a maximum of 2 decimals.
Rounding Amount (Invoice/LegalMonetaryTotal/PayableRoundingAmount [@currencyID=])0..1The outstanding amount that is requested to be paid.
Amount Due For Payment (Invoice/LegalMonetaryTotal/PayableAmount [@currencyID=])1..1The outstanding amount that is requested to be paid.

Example

<Invoice>
    <!-- code omitted for clarity -->
    <cac:LegalMonetaryTotal>
        <cbc:LineExtensionAmount currencyID="EUR">1300.00</cbc:LineExtensionAmount>
        <cbc:TaxExclusiveAmount currencyID="EUR">1325.00</cbc:TaxExclusiveAmount>
        <cbc:TaxInclusiveAmount currencyID="EUR">1656.25</cbc:TaxInclusiveAmount>
        <cbc:AllowanceTotalAmount currencyID="EUR">25.00</cbc:AllowanceTotalAmount>
        <cbc:ChargeTotalAmount currencyID="EUR">50.00</cbc:ChargeTotalAmount>
        <cbc:PrepaidAmount currencyID="EUR">1000.00</cbc:PrepaidAmount>
        <cbc:PayableRoundingAmount currencyID="EUR">0.02</cbc:PayableRoundingAmount>
        <cbc:PayableAmount currencyID="EUR">656.27</cbc:PayableAmount>
    </cac:LegalMonetaryTotal>
    <!-- code omitted for clarity -->
</Invoice>