150 Tax Rate Notification

Functional Group TN

X12F Finance Subcommittee

This Draft Standard for Trial Use contains the format and establishes the data contents of the Tax Rate Notification Transaction Set (150) for use within an Electronic Data Interchange (EDI) environment. This transaction set can be used by taxing authorities to electronically transmit information concerning tax rates.

Heading

Position
Segment
Name
Max use
  1. To indicate the start of a transaction set and to assign a control number

  2. To indicate the beginning of a transaction set

  3. To identify a party by type of organization, name, and code

    The N1 segment is used to identify the name of the taxing authority.
  4. To specify additional names

  5. To specify the location of the named party

  6. To specify the geographic place of the named party

  7. To identify a person or office to whom administrative communications should be directed

  8. To specify any or all of a date, a time, or a time period

    The DTP segment is used for the tax rate effective date or period for the entire notification.

Detail

Position
Segment
Name
Max use
  1. TFS Loop Mandatory
    Repeat 1000
    1. To indicate the tax form or the type of tax form being reported

    2. To specify any or all of a date, a time, or a time period

      The DTP segment is used for the tax rate effective date or period for a particular tax form.
    3. TRS Loop Mandatory
      Repeat 100000
      1. To provide information for a change in filing requirements for a particular tax type

      2. To indicate the total monetary amount

      3. To specify quantity information

      4. N1 Loop Optional
        Repeat 1000
        1. To identify a party by type of organization, name, and code

          The N1 segment denotes the jurisidiction for which the specified tax rate applies.
        2. To specify any or all of a date, a time, or a time period

          The DTP segment is used for the tax rate effective date or period for a particular tax rate for a jurisdiction.
    4. FGS Loop Mandatory
      Repeat 1000
      1. To provide information for a section or data group in a form or schedule

      2. To specify any or all of a date, a time, or a time period

        The DTP segment is used for the tax rate effective date or period for a particular subset of a tax form.
      3. TRS Loop Mandatory
        Repeat 100000
        1. To provide information for a change in filing requirements for a particular tax type

        2. To indicate the total monetary amount

        3. To specify quantity information

        4. N1 Loop Optional
          Repeat 1000
          1. To identify a party by type of organization, name, and code

            The N1 segment denotes the jurisdiction for which the specified tax rate applies.
          2. To specify any or all of a date, a time, or a time period

            The DTP segment is used for the tax rate effective date or period for a particular tax rate for a jurisdiction.
  2. To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)

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