sorry for the delay - the relevant HMRC website page is http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageLibrary_PublicNoticesAndInfoSheets&propertyType=document&columns=1&id=HMCE_CL_000348
(that's all one hyperlink!)

That sounds very sensible to me - it would open up a significant number of new potential users too.
(I'm sure Mike is aware but the HMRC website has all the info you need).

In db terms, like Mike, I would have thought that it was a case of maintaining a new table of posting detail relating back to invoices with VAT content (apologies if it's there already)

I am no PHP-er but I have a "few years" of design experience ;-) and I am happy to test if that helps.

you are absolutely right that I oversimplified it.
For part-payment my understanding is that if 50% of the invoice total was received then 50% of the VAT would be deemed to have been received too.
The VAT period is simply based on the day that the money was spent / received i.e. the posting date of the proposed new items. The original invoice dates have no relevance.
In the UK as far as I know, a business is either cash accounting or not, there are no further complications.

With regards to the VAT rate (and I assume Mike knows better than me on this as I am a real newbie to FA) I am not yet totally familiar with the set-up and reporting. I am working to set up rates of 17.5%, 5%, and 0% plus an exempt class. VAT relating to fuel (petrol / diesel) will also need to be isolated as that has to be adjusted depending on the emission rating of the car (van, etc.).
My impression is that these all have their own GL accounts (except exempt)?
We could use some feedback from UK based accountants using FA in earnest I think. (Apologies Mike if you are one).

is a possible solution to modify the system to:
> set a company to 'cash accounting'
> have an additional GL account for each VAT category i.e. VAT received (or paid)
> then when payment is made against an invoice generate additional postings from the 'VAT on sales' to the 'VAT received' account

The tax analysis would then be against the VAT received  / paid accounts instead of the VAT on sales / purchases as the posting dates would relate to the correct quarter.

5

(1 replies, posted in Report Bugs here)

View Backup opens a new (empty) window and then immediately closes it
Download Backup asks if I want to open or save backups.php (size 136KB). Open actually displays the backup file in the current browser window (it can be saved as a text file from here as a workaround) save gives an error 'The requested site is either unavailable or cannot be found'

I have two companies set up 0_ and 1_ and the result is the same on both

FA is installed at my web host (LAMP)