FrontAccounting forum — Tax

Re: Tax

null@example.com (intersky) — Sat, 11 Feb 2012 17:53:10 +0000

thanks Joe

Re: Tax

null@example.com (joe) — Tue, 07 Feb 2012 22:16:31 +0000

Your tax registration date will set the date where you start taxing your customers. You just prepare the new tax type and group and put them on your customers/branches.
There is no retroactive taxing. Otherwise it is a good idea to discuss this with a local accountant.

/Joe

Tax

null@example.com (intersky) — Tue, 07 Feb 2012 14:45:27 +0000

hello.

Here is the situation.

At the moment I am not VAT registered which means I cannot claim back VAT from my customer. So far so good. I do not have any problem.

However, I have applied to be a VAT registered company which means I will have to claim back the VAT which my customers paid. Thus this means that I will have to put all previous as well as new customers on tax 15%.

When I run the report, how does it affect the previous enties when i was not VAT registered?